Mar 01, 2023 09:45 AM

China’s Factory Activity Gets Back to Growth, Caixin PMI Shows

China’s manufacturing activity climbed back into expansionary territory in February after six straight months of contraction, with supply, demand and employment all picking up as Covid-19 infections subsided, a Caixin-sponsored survey showed Wednesday.

The Caixin China General Manufacturing Purchasing Managers’ Index (PMI), which gives an independent snapshot of the country’s manufacturing sector, came in at 51.6 in February, up from 49.2 the previous month. A reading below 50 indicates a contraction in activity, while a number above that signals an expansion.

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