Free Trial

MNI BRIEF:China Feb Manufacturing PMI Edges Up Despite Holiday

MNI (Singapore)
BEIJING (MNI)

The China Purchasing Managers' Index (PMI) edged up to 50.2 in February from January's 50.1, remaining in the expansion zone above 50 for the fourth straight month, as manufacturing activities resumed well after the Spring Festival holiday, data from the National Bureau of Statistics on Tuesday showed.

Though the production sub-index slowed by 0.5 percentage points to 50.4 on holiday, the new order sub-index rebounded 1.4 points to 50.7 as demand accelerated after the holiday. New export orders rebounded slightly to 49.0 from 48.4.

The non-manufacturing service index rose by 0.5 points to 51.6, as the services industry rebounded on holiday spending. And the construction industry is expected to improve amid the government's infrastructure push.

True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.