China's Feb factory activity shrinks for 5th month

Reuters| Beijing | China

Updated: 01-03-2024 07:04 IST | Created: 01-03-2024 07:04 IST

China's manufacturing activity in February contracted for a fifth straight month, an official factory survey showed on Friday, raising the pressure on policymakers to consider further stimulus measures as factory owners struggle for orders.

The official purchasing managers' index (PMI) fell to 49.1 in February from 49.2 in January, below the 50-mark separating growth from contraction and in line with a median forecast of 49.1 in a Reuters poll.

Also Read: China's foreign minister Wang Yi to attend Munich security conference

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

READ MORE ON

China

READ MORE

OPINION / BLOG

LATEST NEWS

VIDEOS

View All