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- Business conditions continued to improve across China’s manufacturing sector in February
Business conditions continued to improve across China’s manufacturing sector in February
Although growth in production softened from that seen in January, total new work expanded at a slightly faster pace.
Adjusted for seasonal factors, including the Chinese New Year, the headline Purchasing Managers' Index - a composite indicator designed to provide a single-figure snapshot of operating conditions in the manufacturing economy - edged up to 51.6 in February, from 51.5 in January, to signal a further improvement in the health of the sector. Though only modest, the latest reading signalled the strongest improvement in operating conditions for six months.
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