Chinese manufacturing shrinks for a third straight month

By Huileng Tan for CNBC

Mar 06, 2019

A private survey on China's manufacturing sector showed Friday that factory activity shrank for a third straight month in February.

The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) came in at 49.9 for February — higher than January's reading of 48.3, and better than the 48.5 that economists polled by Reuters had forecast.

However, it showed that manufacturing activity in February remained around contractionary levels not seen since early 2016. A reading below 50 signals contraction, while a reading above that level indicates expansion.

To learn more, read "Chinese manufacturing shrinks for third straight month in February, a private survey shows" from CNBC.

Show Comments
Hide Comments

Join the discussion

We welcome your thoughtful comments.
All comments will display your user name.

Want to participate in the discussion?

Register for free

Log in for complete access.


No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments