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Home / Metal News / SMM PMI for downstream copper industries jumps to 63.55 in Mar

SMM PMI for downstream copper industries jumps to 63.55 in Mar

Apr 4, 2018 10:15

Source:SMM

The purchasing managers' index (PMI) for downstream copper industries in March rebounded above 50 and stood at 63.55, outperforming forecasts

SHANGHAI, Apr 4 (SMM) – The purchasing managers' index (PMI) for downstream copper industries in March rebounded above 50 and stood at 63.55, outperforming forecasts, SMM data showed.

A reading above 50 indicates expansion while a reading below 50 signals contraction in the industry.

April’s PMI is expected to be 52.58, according to SMM data.

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