China February PMI rises to 50.2

by | Mar 1, 2022

Share this article

China’s official manufacturing purchasing managers’ index (PMI) beat expectations in February, rising to 50.2, from 50.1 the prior month, according to data from the National Bureau of Statistics (NBS).
The rise in activity and new orders came despite interruptions from the Lunar New Year holiday and Winter Olympics.

Analysts had predicted a fall to 49.8. A reading above 50 indicates production expansion, while a reading below that mark indicates contraction. The sub-index for production fell to 50.4 from 50.9 month on month.

“Expansions are seen in both supply and demand sides. Because of the Chinese New Year holiday, the expansion of manufacturing activities slowed, with the production index falling 0.5 percentage points to 50.4 per cent. The expanded new orders index showed an expedited release of needs in the manufacturing market after the holidays,” said senior NBS statistician Zhao Qinghe.


China’s official February composite PMI, which includes both manufacturing and services activity, rose to 51.2 from 51 in January, still well below its pre-pandemic average, and lacklustre compared to most of last year.

Share this article

Related articles

Black Friday takes on the world

Black Friday takes on the world

Written by John Plassard, senior investment specialist at Mirabaud Group Thanksgiving is an age-old American tradition. Every year from 1789 to the present day, Americans have celebrated the holiday over a meal of turkey. The origins of this tradition can be traced...

Consumers bring boost to fragile UK economy: T. Rowe Price

Consumers bring boost to fragile UK economy: T. Rowe Price

Written by Tomasz Wieladek, chief European economist at T. Rowe Price UK consumer confidence improved sharply in November, after the large fall in October. There are several reasons for this improvement. First, interest rates across the whole yield curve declined...

Trending articles

IFA Talk logo

IFA Talk is our flagship podcast, designed to fit perfectly into your busy life, bringing the latest insight, analysis, news and interviews to you, wherever you are.

IFA Talk Podcast - listen to the latest episode