PMI of China’s manufacturing sector rises again

Home > Business > Industry

print dictionary print

PMI of China’s manufacturing sector rises again

China’s manufacturing sentiment for February rose slightly despite global economic uncertainty, an industry group said yesterday.

The Purchasing Managers Index of China’s manufacturing sector came in at 51 last month, up from 50.5 a month earlier, according to the China Federation of Logistics and Purchasing.

The index has recorded an increase for the past three consecutive months.

The index measures the economic health of a country’s manufacturing sector. A reading of 50 or above represents an expansion of the sector compared to the previous month. A reading lower than 50 represents a contraction, while a reading of 50 indicates no change.

Yonhap

More in Industry

Buffet restaurants adapt to pandemic by nixing the buffets

Sale of Doosan Infracore stake could be opportunity for Hyundai Heavy

Volvo XC60 ranks No. 1 for residual value in Encar study

Binggrae to scoop up ice cream competitor after FTC approves merger

LG accepting orders for rollable, $85K television

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now