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China factory activity picks up despite rising costs
The Straits Times
|March 04, 2025
China's factory activity grew at a faster pace in February, driven by stronger supply and demand including a rebound in export orders, and partly due to seasonal factors related to the holiday period, a private-sector survey showed on March 3.
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BEIJING -
The Caixin/S&P Global manufacturing purchasing managers' index (PMI) rose to 50.8 in February from 50.1 the previous month, marking a three-month high and beating analysts' forecasts in a Reuters poll of 50.3. The 50 mark separates growth from contraction. The PMI offers a snapshot of operating conditions in the manufacturing sector.
The positive trend in the Caixin survey aligned with official PMI data released over the weekend that showed manufacturing activity expanding at the fastest pace in three months.
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