China’s manufacturing growth improves in February | Manufacturing Asia
, China
Photo by Life of Pix from Pexels

China’s manufacturing growth improves in February

It was supported by increases in output and new orders.

In February, China’s general manufacturing purchasing manager’s index (PMI) improved to 50.8 in February, up from 50.2 in the previous month, according to a Caixin Global report.

This is also the fifth consecutive month China's manufacturing sector logged a PMI above the 50.0 mark. 

The report said the growth was supported by increases in output and new orders amidst improved market conditions and purchasing activity.

Additionally, manufacturers supported higher production requirements by increasing their purchasing activity and utilising existing stocks of inputs.

However, Chinese manufacturers once again reported a drop in staffing levels at their plants during the month, extending the current period of decline to six months.

Meanwhile, input price inflation was recorded with firms noting higher prices for copper and a range of chemicals.

Finally, confidence in the outlook improved further with sentiment rising for a second successive month and moving closer to its long-run average.

Join Manufacturing Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!