China's manufacturing PMI rises to 50.9 in February - Breaking The News

China's manufacturing PMI rises to 50.9 in February

1 March

1 min read

EPA-EFE/ALEX PLAVEVSKI

The Caixin China General Manufacturing Purchasing Managers' Index (PMI) came in at 50.9 in February, increasing 0.1 points higher than January’s reading, according to the latest report released by S&P Global on Friday.

The manufacturing performance remained healthy and companies reported upturns in both production and new employment, influenced by an increase in new export orders. The sector remained in the expansionary territory for the fourth straight month.

"Market optimism continued to grow, with the measure for future output expectations hitting the highest since April as some surveyed companies anticipated a global economic recovery and increased demand at home and abroad in the new year […] However, the economy still faces headwinds with unfavorable factors and uncertainties remaining prevalent," Senior Economist at Caixin Insight Group Dr. Wang Zhe said.

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