NBS: February Manufacturing PMI Rose to 52.6

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.