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China's manufacturing PMI drops to 50.2 pct in February

English.news.cn   2014-03-01 09:15:45

BEIJING, March 1 (Xinhua) -- China's purchasing managers' index (PMI) for the manufacturing sector dropped to 50.2 percent in February, down from 50.5 percent for January, according to official data released on Saturday.

A reading below 50 indicates contraction, while that above 50 signals expansion.

The monthly indicator is released by the National Bureau of Statistics and the China Federation of Logistics and Purchasing.

Related:

Interview: China's manufacturing slowdown not to cause hard landing: U.S. economist

NEW YORK, Feb. 20 (Xinhua) -- China will maintain a reasonably high growth rate this year with slim chance of a "hard landing" although its manufacturing activity contracted for two consecutive months, a U.S. economist said Thursday.

The HSBC/Markit China flash manufacturing PMI for February dipped to 48.3 from a final reading of 49.5 in January, showing that manufacturing conditions deteriorated at a moderate pace this month, according to data company Markit. Full story

 

Editor: chengyang
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