China factory activity slips in February as extended Lunar New Year disrupts production
TL;DR
China’s official manufacturing PMI fell to 49 in February, signaling contraction for a second straight month as the extended Lunar New Year holiday disrupted output; the composite and non-manufacturing PMIs also softened. A separate private PMI rose to 52.1, the strongest since December 2020, helped by solid export orders, underscoring divergent signals between official data and private surveys ahead of Beijing’s policy targets.
- China's factory activity slumps more than expected in February as holiday disrupts production CNBC
- China Factory Activity Worsens During Holiday in Official Survey Bloomberg
- China's Factory Activity Contracts for a Second Month U.S. News & World Report
- China PMIs Send Mixed Signals as Markets Watch for Stimulus WSJ
- China's factory activity shrinks, but private survey tops 5-year high Reuters
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