China's March RatingDog Manufacturing PMI Report Indicates Inflationary Pressure at Highest Since March 2022

Data shows that China's manufacturing sector maintained expansion in March, despite a significant increase in input prices and prolonged supplier delivery times. In March, output, new orders, and employment all saw further growth, with purchasing activity and backlogs rising concurrently. However, inflationary pressures surged, with both input and output prices recording the most significant increases since March 2022. Supplier delivery delays were the most severe in over three years.