The pick up in the metric was somewhat at odds with the official manufacturing PMI released by the National Bureau Statistics on Thursday, which dropped to 49.2 from 49.5 in January, meaning that the contraction of China’s factory activity intensified last month. Photo: Reuters

China manufacturing stabilised in February, but ‘too soon to call bottom of current economic cycle’

  • Results in contrast to official manufacturing purchasing managers’ index, which deteriorated further in February
  • Like official survey, the private index shows domestic orders rose even as overseas orders fell
Topic |   China economy

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The pick up in the metric was somewhat at odds with the official manufacturing PMI released by the National Bureau Statistics on Thursday, which dropped to 49.2 from 49.5 in January, meaning that the contraction of China’s factory activity intensified last month. Photo: Reuters
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