According to a statement released by the National Bureau of Statistics on Friday, the official manufacturing Purchasing Managers' Index (PMI) for last month dipped slightly to 49.1. This figure fell slightly below the median forecast of 49.0 predicted by economists surveyed by Bloomberg News and was marginally lower than January's reading of 49.2.
In contrast, a measure of non-manufacturing activity showed improvement, with a rise to 51.4 compared to the estimated 50.7. This uptick was attributed to increased activity in travel and tourism during a recent extended holiday period. Any reading above 50 indicates expansion from the previous month, while a figure below that signifies contraction.
Esta historia es de la edición March 02, 2024 de The Business Guardian.
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