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Caixin PMI moves up in February

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by , 03-02-2018 at 10:10 AM (368 Views)
      
   
CHINA’S manufacturing sector rose modestly in February to a nine-month high, bolstered by firmer client demand and increasing prices, according to a private survey released by Caixin yesterday.

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The Caixin China General Manufacturing Purchasing Managers’ Index, an indicator of manufacturing activity, climbed to 51.6 in February from 51.5 in January, notching a peak since August last year, the survey conducted by financial information service provider Markit and sponsored by Caixin Media Co showed.

The index showed continuous improvement in business conditions across China’s manufacturing sector, pushing it further above the 50-point threshold separating expansion from contraction.
“This suggests that the durability of China’s economy will persist,” said Zhong Zhengsheng, director of macroeconomic analysis at CEBM Group, a subsidiary of Caixin Insight Group.

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