Chinese PMI Edges Higher to 50.2 in February


China’s official purchasing managers’ index (PMI) has edged higher in February compared to the previous month.

The February PMI reading was 50.2, for an increase of 0.1 points compared to January, according to data released by the China’s National Bureau of Statistics (NBS) on 1 March.

The large-scale enterprise PMI was 51.8, for a rise of 0.2 on the month, while the medium-sized enterprise PMI was 51.4, for a rise of 0.9.

The small-scale enterprise posted a decline of 0.9 points however, to a reading of 45.1 for the month of February.