Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Here Comes Official China PMI...

Mamta BadkarApr 1, 2014, 06:04 IST

Reuters

China's official manufacturing PMI for March is out at 9 p.m. ET.

Economists polled by Bloomberg are looking for PMI to ease to 50.1, from 50.2. A reading below 50 indicates contraction.

We've already seen HSBC PMI fall into contractionary territory.

Bank of America's Ting Lu is looking for PMI to hold steady in part because of seasonality.

"The recent vow by the government to speed up infrastructure investment to maintain stable growth could slightly help boost sentiment," he writes.

Here's a look at the trajectory of PMI and PMI new orders:

BAML