China’s manufacturing sector expanded at a faster rate in March, as output growth accelerated on the back of a sustained rise in new orders. New export sales notably increased at the quickest pace in nearly a year.

March PMIs beat market expectations, although Q1 momentum softened from Q4-2024. We raise our 2025 growth forecast to 4.8% from 4.5% on Q1 outperformance, firm policy assurances. CPI deflation likely eased in March on base effects; the import contraction may have persisted, Standard Chartered's economists Hunter Chan and Shuang Ding report.

Asia's factory activity mostly weakened in March as an intensifying U.S. tariff war and slowing global demand hurt business sentiment, private sector surveys showed on Tuesday, darkening the outlook for the region's economy.

S&P 500 E-Mini futures (ESM25) are down -0.24%, andJune Nasdaq 100 E-Mini futures (NQM25) are down -0.25% this morning as investors prepare for U.S. President Donald Trump’s tariff announcements while also awaiting the latest reading on U.

A private gauge showed China’s manufacturing activity expanding at the fastest pace in four months.

The Caixin China General Manufacturing PMI expansion accelerated to 51.2 in March 2025, up from February’s 50.8, surpassing expectations of 51.1, reaching a four-month-high amid robust external demand.

A private report shows that China’s manufacturing industry expanded at the fastest pace in four months in March.

China's manufacturing sector expanded more than expected in March, growing at its fastest rate in four months due to sustained rise in new orders, according to data out on Tuesday from Caixin and S&P Global.

Asia-Pacific markets mostly advance on Tuesday, mirroring Wall Street’s overnight rebound, as traders awaited further details on US President Donald Trump’s tariff plans ahead of his so-called “Liberation Day.