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Global Economic News

China Manufacturing Sector Returns To Expansion Territory

By Renju Jaya   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

China's manufacturing sector expanded for the first time in seven months in February, driven by the upturns in production and new orders, suggesting a strong rebound in the first quarter following the easing of pandemic related restrictions.

At 51.6, the Caixin manufacturing Purchasing Managers' Index rose from 49.2 in the previous month, survey results from S&P Global showed Tuesday. This was the first expansion in seven months and the score was the second-highest since May 2021.

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