March 02, 2025 22:24 GMT
MNI BRIEF: China February PMI Rises Back To Expansion Zone
China has published its latest PMI results.
China's Manufacturing Purchasing Managers Index rose by 1.1 points to 50.2 in February, back above the breakeven 50 mark again to hit a three-month high, as manufacturers resumed production following the Spring Festival, data from the National Bureau of Statistics showed Saturday.
The production and new orders sub-indices increased by 2.7 and 1.9 points to 52.5 and 51.1, both rising to the expansion range.
The non-manufacturing PMI registered 50.4, up 0.2 points from the previous month. The business activity sub-index for the service sector edged down by 0.3 points to 50.0. Business activity in retail, accommodation, and catering, had declined significantly as the holiday effect faded.
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