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- China manufacturing PMI slows in February - Caixin
China manufacturing PMI slows in February - Caixin
RTTNews reports that latest survey from Caixin showed that the manufacturing sector in China continued to expand in February, albeit at a slower pace, with a
In February, the manufacturing PMI was 50.9. That's down from 51.5 in January, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. The index was expected to be 50.5.
Individually, output expanded modestly amid a softer rise in new work as the pandemic weighed on export sales and supplier performance.
Greater prices for raw materials and higher transport costs led to a further substantial rise in input costs. As a result, prices charged by manufacturers rose solidly as companies looked to partially pass on higher cost burdens to customers.
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