3月份财新制造业PMI强于预期

 Hot on the heels of the official numbers, a private PMI survey series also reports that March was a better month for Chinese manufacturers.

紧随官方数据发布的一项民间采购经理指数(PMI)调查结果也显示，3月份中国制造业状况有所改善。

The Caixin/Markit manufacturing purchasing managers index came in at 49.7 in March, ahead of the 48.3 economists² were expecting. It had been 48 in February.

3月份，财新/Markit制造业PMI为49.7，比经济学家预期的48.3要高，2月份的读数则为48。

It was last above 50 – the point which separates expansion from contraction³ – in February last year.

该指数上次在50这一荣枯线以上还是在去年2月份。

“Despite remaining below the crucial no-change 50.0 value, it was the highest index reading in 13 months and signalled only a fractional deterioration⁴ in the health of the sector,” Caixin said in its accompanying statement.

财新在同时发布的一份声明中表示：“虽然仍低于50.0临界值，但已是13个月来最高纪录，显示制造业运行只是轻微放缓。”

Less than an hour ago the official survey was released, reporting a reading of 50.2 – the first above 50 in eight months.

3月份中国官方制造业PMI为50.2，这是9个月来首次高于50。

He Fan, chief economist¹ at Caixin Insight Group added:“All categories of the index showed improvement over the previous month. The output and new order categories rose above the neutral 50-point level, indicating that the stimulus⁵ policies the government has implemented⁶ have begun to take hold.

财新智库(Caixin Insight Group)首席经济学家何帆表示：“所有分项均较上月有所改善，产出、新订单两个分项指标向上突破50荣枯线水平，表明前期的刺激政策效果在逐渐发挥。

“However, considering that current conditions remain uncertain, the government needs to continue with moderate stimulus measures to reinforce market confidence.”

鉴于当前中国的复苏态势仍不明朗，政府继续保持适度的刺激政策，引领市场信心。”

The Caixin-sponsored series is based on a much smaller sample of private companies and tends to be more volatile⁷ than the official reading. The official survey focuses on larger state enterprises.

这个由财新赞助的系列调查，其调查对象是民营企业，样本比官方调查要小得多，其波动性往往大于聚焦大中型国有企业的官方PMI读数。

1 economist   

n.经济学家，经济专家，节俭的人

参考例句：

• He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
• He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

2 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

3 contraction   

n.缩略词，缩写式，害病

参考例句：

• The contraction of this muscle raises the lower arm.肌肉的收缩使前臂抬起。
• The forces of expansion are balanced by forces of contraction.扩张力和收缩力相互平衡。

4 deterioration   

n.退化；恶化；变坏

参考例句：

• Mental and physical deterioration both occur naturally with age. 随着年龄的增长，心智和体力自然衰退。
• The car's bodywork was already showing signs of deterioration. 这辆车的车身已经显示出了劣化迹象。

5 stimulus   

n.刺激，刺激物，促进因素，引起兴奋的事物

参考例句：

• Regard each failure as a stimulus to further efforts.把每次失利看成对进一步努力的激励。
• Light is a stimulus to growth in plants.光是促进植物生长的一个因素。

6 implemented   

v.实现( implement的过去式和过去分词 )；执行；贯彻；使生效

参考例句：

• This agreement, if not implemented, is a mere scrap of paper. 这个协定如不执行只不过是一纸空文。 来自《现代汉英综合大词典》
• The economy is in danger of collapse unless far-reaching reforms are implemented. 如果不实施影响深远的改革，经济就面临崩溃的危险。 来自辞典例句

7 volatile   

adj.反复无常的，挥发性的，稍纵即逝的，脾气火爆的；n.挥发性物质

参考例句：

• With the markets being so volatile,investments are at great risk.由于市场那么变化不定，投资冒着很大的风险。
• His character was weak and volatile.他这个人意志薄弱，喜怒无常。