Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China's manufacturing sector slows down in February

February 28, 2019


Abstract : China's manufacturing sector expanded at a slower pace in February, official data showed Thursday.

BEIJING, Feb. 28 (Xinhua) -- China's manufacturing sector expanded at a slower pace in February, official data showed Thursday.

The country's manufacturing purchasing managers' index (PMI) came in at 49.2 in February, narrowing from 49.5 in January, according to the National Bureau of Statistics (NBS).

A reading above 50 indicates expansion, while a reading below reflects contraction.

NBS senior statistician Zhao Qinghe attributed the monthly decline in the manufacturing PMI to seasonal factors including production halts around the Chinese Lunar New Year.

The sub-index for production, a major factor used in calculating PMI, edged down 1.4 percentage points to 49.5 in February.

While the production temporarily weakened, market demand has displayed growing momentum with the sub-index for new orders rising to 50.6, an indication of expansion.

NBS data also pointed to the upbeat mood among enterprises, with a four-month high reading of the production and operation expectations index of 56.2, a marked rise of 3.7 percentage points from January.

Scan the QR code and push it to your mobile phone

Keyword: China-manufacturing PMI

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial