China Manufacturing PMI Jumps as Stimulus Kicks in

China’s official factory gauge showed improving conditions for the first time in eight months, suggesting the government’s fiscal and monetary stimulus is kicking in. The manufacturing purchasing managers index rose to 50.2 in March, compared with a median estimate of 49.4 in a Bloomberg News survey of economists. The measure matches its highest level since November 2014. The non-manufacturing PMI rose to 53.8 from 52.7 in February. Credit Suisse Deputy Chairman Robert Parker discusses with Bloomberg’s Anna Edwards on “Countdown.”

Full Show: Bloomberg Daybreak: Americas (02/16)
48:50 - Bloomberg Daybreak: Americas hosted by David Westin and Jonathan Ferro. Guests include Themos Fiotakis, co-head of FX and rates strategy at UBS, and Sebastien Galy, director of FX strategy at Deutsche Bank, Steve Young, chief financial officer at Duke Energy Corp., Mitch Daniels, president at Purdue University, Mark Cabana, head of U.S. short rates strategy at Bank of America Merrill Lynch, and Steve Rattner, chairman at Willett Advisers, Steven Ricchiuto, chief economist at Mizuho Securities, and Trey Parker, head of credit at Highland Capital Management, Nick Pinchuk, chief executive officer at Snap-On Inc., and Paul Hickey, co-founder at Bespoke. Willett Advisors is an investment manager for Michael R. Bloomberg and his philanthropic foundation. (Source: Bloomberg)
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