The PMI was much higher than analyst expectations.
The Japanese Prime Minister avoids attending the meeting attended by his deputy as a precaution, while the United States is preparing for the fourth facilitation package after its transformation into the epidemic center.
World Health Organization
A WHO official has warned that the Corona virus, Covid 19, is far from over in the Asia Pacific region. Takashi Kasai, regional director of the Western Pacific region, said in a satellite meeting that despite all the precautions taken, the risk of transmission of the disease persists in the region, and it will not go away until the epidemic ends.
And he warned that countries experiencing a drop in cases should not reduce isolation and quarantine restrictions, as this could lead to a new disaster.
China announced the PMI for March, and came at No. 52.0, while expectations were for 35.7 for February.
Analysts surveyed by Investing.com expected the figure to reach 45.
“By the 25th of March, the rate of resumption of business in small and medium-sized companies reached 96.6%, an increase of 17.7% over the results of February 25,” the National Bureau of Statistics of China said.
He added, “We cannot say that the Chinese economy has regained its previous levels based on one month. We must continue to monitor changes in the coming months.”
Analysts are closely watching China’s recovery, with expectations of a global downturn in the future.
The PMI rose to 52.3, more than double from last month, at 29.6.
Japanese Prime Minister Shinzo Abe has stopped attending his deputy’s meetings. “The Prime Minister informed the cabinet members this morning that his deputy will not join his meetings.”