China's factory activity contracts in Feb

2024-03-01 14:12:52China Daily Editor : Li Yan ECNS App Download

China's factory activity contracted for a fifth consecutive month in February, while non-manufacturing activities expanded at a faster pace, an official survey showed on Friday.

China's official purchasing managers index for the manufacturing sector fell to 49.1 in February from 49.2 in January, according to the National Bureau of Statistics, below the 50-point mark that separates contraction from growth.

The sub-index for production declined to 49.8 in February from 51.3 in January, while the gauge for new orders came in at 49 in February, the same as January, the NBS said.

Zhao Qinghe, an NBS statistician, said manufacturers expressed optimism and confidence with the gauge for manufacturers' expectations for their production and operation improving to 54.2 in February from 54 in January.

China's non-manufacturing PMI came in at 51.4 in February, up from 50.7 a month earlier. Also, the country's official composite PMI, which includes both manufacturing and non-manufacturing activities, came in at 50.9 in February, the same as January, according to the NBS.


Most popular in 24h

MoreTop news


Back to top About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2024 All rights reserved.
Reproduction in whole or in part without permission is prohibited.
[网上传播视听节目许可证(0106168)] [京ICP证040655号]
[京公网安备 11010202009201号] [京ICP备05004340号-1]