China | China February manufacturing PMI beats forecast at 51.6
A Chinese worker tests circuit boards at a factory in Sichuan province. Photo: AFP
A Chinese worker tests circuit boards at a factory in Sichuan province. Photo: AFP

China February manufacturing PMI beats forecast at 51.6

Activity in China's manufacturing sector expanded faster than expected in February, an official survey showed on Wednesday.

March 1, 2017 10:41 AM (UTC+8)

Activity in China’s manufacturing sector expanded faster than expected in February, an official survey showed on Wednesday.

The official Purchasing Managers’ Index (PMI) rose to a three-month high of 51.6 in February, compared with the previous month’s 51.3, and above the 50-point mark that separates growth from contraction on a monthly basis.

Analysts polled by Reuters had predicted a reading of 51.1, pointing to a modest expansion as China’s industrial firms continued to benefit from higher sales prices and a recovery in demand fuelled by a construction boom.

Comments