BEIJING: Factory activity in China contracted for the fifth straight month in February, official figures showed Friday, as sluggish demand in the world's second-largest economy continues to drag on growth. The purchasing managers' index (PMI) a key measure of factory output came in at 49.1 percent in February, according to China's National Bureau of Statistics (NBS). China’s National Bureau of Statistics reported that factory activity shrunk for the fifth straight month by 49.1 percent in February. China's National Bureau of Statistics reported that factory activity shrunk for the fifth straight month by 49.1 percent in February. Factory activity has consistently contracted since then, with February marking the fifth consecutive month of decline.

Source: Manila Times March 02, 2024 04:17 UTC