Asian manufacturing bounces back in March
4/3/2013 10:42:22 AM
The rise was slower than most economists predicted however.

Rising output was put down to increased activity at car, machinery and electronics plants.

Steel, petrol and coking slowed in March.

“The improvement in the index, which changes the downward trend of the first two months of the year, indicates that the economic outlook in general is stabilizing,” Zhang Liqun, an analyst at the Development Research Center, told the Financial Times.

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Other Asian countries showed similar rises.

In Vietnam, manufacturing increased after a decline in the first months of 2013.

South Korea, however, saw weaker exports raising concerns about the region's economic recovery.

CNN reported that US manufacturing also continued to grow but that expansion was slowed in March compared to other months.