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- The Caixin China Purchasing Managers' Index improved unexpectedly
The Caixin China Purchasing Managers' Index improved unexpectedly
China's manufacturing activity expanded again in February as strong foreign demand pushed up overall new orders, despite concerns over trade protectionism measures from the U.S. administration, says rttnews.
The Caixin factory Purchasing Managers' Index improved unexpectedly to 51.7 in February from 51.0 in January, according to a private survey from IHS Markit, released Wednesday. The reading was forecast to drop to 50.8. A score above 50 indicates expansion in the sector.
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