China’s manufacturing purchasing managers' index (PMI) was 50.2 in February this year—up by 1.1 percentage points from the previous month and bouncing back to the expansion zone, according to data from the National Bureau of Statistics (NBS).A reading above 50 indicates expansion, while a reading below 50 reflects contraction.
NBS statistician Zhao Qinghe said the February PMI data was affected by factors like enterprises resuming production after the Spring Festival holiday, a state-controlled media outlet reported.
China's manufacturing PMI was 50.2 in February this year—up by 1.1 percentage points from the previous month and bouncing back to the expansion zone, official data show.
The February PMI data was affected by factors like enterprises resuming production after the Spring Festival holiday.
The sub-indices of production and new orders came in at 52.5 and 51.1 respectively.
The sub-indices of production and new orders came in at 52.5 and 51.1 respectively.
ALCHEMPro News Desk (DS)