Manufacturing activity in China fell to an eight-month low in February, a government survey showed on Saturday, suggesting a modest slowdown in the world’s second-largest …
Initial data on China’s manufacturing activity indicated a sharp decrease in February, raising concerns over the recovery of the Asian dragon. The deceleration was driven by weak global demand for China’s exports and the timing of the week-long Lunar New Year holiday. A survey by HSBC and Markit Economics showed that China’s manufacturing expanded at the slowest rate in four months.
On the 1st of December, the National Bureau of Statistics released data on PMI in China which proves that the Chinese economy is showing signs of recovery. According the findings, the China’s PMI was 50.6 in November, up from 50.2 in October. Basically, the figures point out that the China’s economy is recovering after a slowdown.
China’s manufacturing improved in the month of October as output and new orders increased. Data, which was published on the 1st of November, showed that the world’s second-largest economy might be recovering from the slowest pace of growth in almost three years.