Headline growth in China’s manufacturing industry eased for a second consecutive month in February as activity slowed to a six-month low in the face of tighter monetary policy and rising commodity prices.
China’s official Purchasing Managers Index, published on Tuesday by the Federation of Logistics and Purchasing, fell to 52.2 from 52.9 in January – the lowest since August.
However, the February figure remained positive and was higher than the median forecast of 52 in a Reuters survey of economists, indicating that the sector remains healthy in spite of interest rate increases and other measures intended to cool inflation.
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