Language : English 简体 繁體

China Manufacturing Gauge Suffers Sharpest Fall in 6 Years

Feb 28 , 2018

China’s official gauge of manufacturing activity for February suffered its largest drop since 2011, an unexpectedly sharp slowdown that left it near the zero-growth level.

The manufacturing purchasing managers’ index published by China’s National Bureau of Statistics fell to 50.3, down a point from January and the largest fall in more than six years. The fall marked the gauge’s nearest brush with the 50-point mark that separates growth from contraction since August 2016.

A median forecast from economists polled by Reuters had predicted only a fractional slowdown: none of the 28 forecasts for February had pencilled in a reading below 51 for the gauge, which is based on a survey of larger and predominantly state-run companies.


Back to Top