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China's PMI rises to 51% in February

(Shanghai Daily)

16:04, March 01, 2012

China's Purchasing Managers Index (PMI), a preliminary readout of the country's manufacturing activity, rose to 51 percent in February 2012, the highest level since October last year.

The reading marked the third consecutive month of growth in the manufacturing sector, following a 50.5-percent figure in January and 50.3 percent in December, according to statistics from the China Federation of Logistics and Purchasing (CFLP).

A PMI reading of 50 percent demarcates expansion from contraction.

The CFLP's sub-index for new orders hit 51 percent in February, up 0.6 percentage points from January, while the manufacturing sub-index edged up 0.2 percentage points to 53.8 percent.

The index for new export orders and imports saw a significant rebound. The sub-index for new export orders added 4.2 percentage points to reach 51.1 percent, while that for imports rose 3.9 percentage points to 50.8 percent.


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