NBS: February Manufacturing PMI Rose to 52.6

Published: Mar 1, 2023 13:55

Save

According to the National Bureau of Statistics (NBS), in February, the effects of policies and measures to stabilise the economy further emerged.

According to the National Bureau of Statistics (NBS), in February, the effects of policies and measures to stabilise the economy further emerged, which, combined with favourable factors such as the relaxed COVID-19 control measures, accelerated the production resumption of enterprises. China's economy continued to pick up. The manufacturing PMI, non-manufacturing business activity index and comprehensive PMI output index grew to 52.6, 56.3 and 56.4 respectively, up 2.5, 1.9 and 3.5 points MoM. These figures were in the expansion range for two consecutive months.

Market Market

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Magnesium Prices Rise for Three Consecutive Sessions! Cost Side Remains "Burning Hot" While Demand Side Struggles to Take Over [SMM Commentary]

1 hour ago

13 hours ago

MMi Daily Iron Ore Report (September 2)

Iron ore futures traded softer today. The DCE most-active contract I2701 settled at RMB 714.0/mt, down 1.11% from the previous trading day.

13 hours ago

15 hours ago

[ Canada to Impose 50% Retaliatory Tariff on US Steel ]

The Canadian government announced a 50% retaliatory tariff on United States exports of steel and aluminum, scheduled to take effect on September 8, 2026. The aggressive trade measure directly responds to the recent collapse of bilateral metal trade negotiations and the implementation of US tariffs. The cross-border penalties threaten to heavily disrupt integrated North American steel supply chains ahead of the fast-approaching deadline.

15 hours ago