Today is 07/19/2024

NBS: Feb PMI at 50.6%, down 0.7% m/m


In February, the Purchasing Managers' Index (PMI) of China's manufacturing industry was 50.6 percent, which was 0.7 percentage point lower than that of last month. It was above the threshold for 12 consecutive months, and the prosperity level of manufacturing industry was lower than that of last month.

In February, the non-manufacturing business activity index was 51.4% percent, down 1.0 percentage point from last month, indicating that the pace of non-manufacturing expansion has slowed down.