China's manufacturing activity grew at the fastest pace in more than five years in February and the services sector grew the most in almost three years, survey results from S&P Global revealed Wednesday.
The headline RatingDog manufacturing Purchasing Managers' Index rose to 52.1 from 50.3 in January. This was the highest score since December 2020.
"Overall, February's data show a strong expansion driven by robust supply and demand, with a notable external demand rebound," RatingDog Founder Yao Yu said.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.