Manufacturing in China contracted to an 11-month low this month, according to a preliminary reading of an influential index tracking the sector by HSBC.
Manufacturing in China was worse than expected, according to a closely-watched "flash" index by HSBC and Markit. The preliminary reading for March was 49.2, against of a reading of 50.7 in February and versus expectations of 50.5. Any score less than 50 indicates contraction.
The sector has last contracted in January, with a reading of 49.7, according to the index.
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