China's manufacturing PMI rises to 50.2 in February
(Source: baha news)
China's National Bureau of Statistics (NBS) Purchasing Manager's Index (PMI) stood at 50.2 in February, remaining above the neutral 50 mark and indicating expansion in the country's manufacturing activity, a report published by the China Federation of Logistics and Purchasing (CFLP) showed.
The figure increased from 49.1 reported in January. At the same time, the non-manufacturing PMI which gauges the activity of China's service sector, landed at 50.4 in February, rising from 50.2 in the month prior.