PMI Group

Official PMI of China Reveals Expansion in March Factory Activity

Official PMI of China Reveals Expansion in March Factory Activity

China's distressed manufacturing sector seems to be picking up after all. An official survey revealed on Friday showed, China's manufacturing activity unpredictably expanded in March. That's the first boost in activity in the sector noted in last nine months. It also adds to hopes that mounting pressure on China's economy might be easing after all.

$228 Million Worth of Loss Posted by PMI in 10 Consecutive Unprofitable Quarter

$228 Million Worth of Loss Posted by PMI in 10 Consecutive Unprofitable Quarter

America's third largest mortgage insurer, PMI Group Inc. posted a 10th consecutive unprofitable quarter, reporting a $228.2 Million worth of loss, mainly on the back of homeowners missing payments on loans.