PMI of China’s manufacturing sector rises againChina’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.
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