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MNI BRIEF: China Emerging Industry PMI Drops Below 50

MNI (BEIJING)
MNI (Beijing)
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China's Strategic Emerging Industries Purchasing Managers' Index (EPMI) dropped to 45.5 in February, from January’s 50.8, and the first time below the confidence mark of 50 since September last year, according to data from the Chinese Academy of Science and Technology Development Strategy on Tuesday.

The EPMI, which reflects business conditions of 300 enterprises across major emerging industries, saw most sub-indices decline, with production volume and product orders falling by 10.8 and 7.9 pp respectively, indicating a continued an easing of production-demand imbalance. The decline was mainly down to the impact of the Spring Festival holiday, Chen Zhi from the Chinese Academy of Science and Technology said in a statement.

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China's Strategic Emerging Industries Purchasing Managers' Index (EPMI) dropped to 45.5 in February, from January’s 50.8, and the first time below the confidence mark of 50 since September last year, according to data from the Chinese Academy of Science and Technology Development Strategy on Tuesday.

The EPMI, which reflects business conditions of 300 enterprises across major emerging industries, saw most sub-indices decline, with production volume and product orders falling by 10.8 and 7.9 pp respectively, indicating a continued an easing of production-demand imbalance. The decline was mainly down to the impact of the Spring Festival holiday, Chen Zhi from the Chinese Academy of Science and Technology said in a statement.

Keep reading...Show less