Good news for the global economy! 🌏 China's Manufacturing Purchasing Managers' Index (PMI) hit 50.2 in February, marking a healthy rebound from the previous month. 📈 A PMI above 50 signals growth, and this uptick means the sector is expanding again.
National Bureau of Statistics (NBS) statistician Zhao Qinghe highlighted that the rise was partly due to companies ramping up production after the Spring Festival holiday. 🏭✨
Breaking down the numbers, production and new orders sub-indices stood at 52.5 and 51.1, respectively. Additionally, the equipment and high-tech manufacturing sectors showed steady growth with PMIs of 50.8 and 50.9. 🔧💡
This positive trend suggests a robust start to the year for China's manufacturing industry, keeping global investors and market enthusiasts on their toes! 🚀
Reference(s):
cgtn.com
