Source: Bloomberg

The Institute for Supply Management diffusion index came in at 57.2 for March, indicating robust manufacturing activity.

Even more noteworthy is the new orders index at 64.5 (that is, 64.5% of firms show higher orders). On a forward-looking basis that looks even stronger.

Asia Times Financial is now live. Linking accurate news, insightful analysis and local knowledge with the ATF China Bond 50 Index, the world's first benchmark cross sector Chinese Bond Indices. Read ATF now.