China: PMI rebound seen as fragile without support – TD Securities
Von FXStreet Insights Team
Aktualisiert: 31 Mar 2026
BELIEBTE ARTIKEL
TD Securities’ Global Strategy Team reports that China’s March PMIs moved back into expansion, with Manufacturing and Non-manufacturing both beating expectations.
TD Securities’ Global Strategy Team reports that China’s March PMIs moved back into expansion, with Manufacturing and Non-manufacturing both beating expectations. They attribute the rebound partly to firms front-loading orders due to the US-Iran war and caution that a sustained recovery is unlikely without significant policy support, especially with construction still in contraction.
Expansionary PMIs tempered by policy doubts
"China PMIs rebounded into expansion (>50) in March, with both indices surpassing expectations."
"Manufacturing PMI came in at 50.4 (cons: 50.1, prior: 49), led by big jumps in output and new orders."
"This tracks closely to the rebound in these categories from global PMIs as firms front-load orders to mitigate the impact from the US-Iran war."
"Non-manufacturing PMI printed at 50.1 (cons: 49.9, prior: 49.5), with services at 50.2 but construction remaining in contraction at 49.3."
"Overall, we won't read too much into the March's print as it could be distorted from the US-Iran war and a sustained bounce is unlikely without sizable policy support."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Über eine Million Nutzer verlassen sich auf FXStreet für Echtzeit-Marktdaten, Charting-Tools, Experteneinblicke und Forex-News. Der umfassende Wirtschaftskalender und die Bildungs-Webinare helfen Tradern, informiert zu bleiben und fundierte Entscheidungen zu treffen. FXStreet wird von einem Team von rund 60 Fachleuten getragen, verteilt auf den Hauptsitz in Barcelona und verschiedene Regionen weltweit.
Weiterlesen
