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Financial News: China Manufacturing Sector Picks Up Steam - NBS

China Manufacturing Sector Picks Up Steam - NBS

02/28/2023 - 20:45:00 (RTTNews)

(RTTNews) - The manufacturing sector in China continued to expand in February, and at a faster pace, the latest survey from the National Bureau of Statistics showed on Wednesday with a manufacturing PMI score of 52.6.

That beat expectations for 50.5 and was up from 50.1 in January. It also moves further above the boom-or-bust line of 50 that separates expansion from contraction.

The bureau also said that its non-manufacturing PMI came in at 56.3, topping forecasts for 55.0 and up from 54.4 in the previous month.

The composite index had a score of 56.4, up from 52.9 a month earlier.

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