China Caixin PMI Manufacturing rose from 49.1 to 50.4 in February, above expectation of 49.5. Caixin said output returned to growth amid quickest rate in new work for eight months. Pandemic continued to weigh on export sales. Business confidence picked up to the highest since last June.
Wang Zhe, Senior Economist at Caixin Insight Group said: “Overall, manufacturing activity expanded in February. Supply recovered, while demand more clearly improved. The level of optimism about the future business outlook increased further. However, the job market remained under high pressure. And we still need to keep an eye on inflationary pressure.
