China’s Manufacturing at Eight Month Low

Activity in China’s factory sector slowed to an 8-month low in February, a government survey showed, reinforcing signs of a modest slowdown in the economy as demand weakens.

The official Purchasing Managers’ Index edged down to 50.2 in February from January’s 50.5, the National Bureau of Statistics said on Saturday, just ahead of market expectations of 50.1.

A PMI reading above 50 indicates expanding activity while one below that level points to a contraction.

CNBC

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