- The China Caixin / IHS Markit manufacturing PMI for February reached 50.9 points from 51.5 in January.
- AUD / USD remains stable after the data.
Reuters reports that “China’s manufacturing activity expanded at the slowest pace in nine months in Februaryas weak foreign demand and coronavirus outbreaks weighed on production, adding pressure on the country’s job market, a business survey showed Monday. “
” The slowdown in the manufacturing sector underscores the fragility of the current economic recovery in Chinaalthough domestic COVID-19 cases have since been eliminated and analysts expect a strong rebound in full-year growth. ”
China Caixin Manufacturing PMI Overview
Caixin’s Chinese Manufacturing PMI, published by Markit Economics, is based on the results of responses to monthly questionnaires sent to purchasing executives from more than 400 private companies in the manufacturing sector.
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