China Feb non-manufacturing activity extends growth - official PMI
Reuters
Published Feb 28, 2023 08:45PM ET
BEIJING (Reuters) - China's non-manufacturing activity grew at a faster pace in February, official data showed on Wednesday, suggesting that economic recovery is well underway following the abandonment of COVID curbs in December.
The official non-manufacturing purchasing managers' index (PMI) stood at 56.3 compared with 54.4 in January, according to data from the National Bureau of Statistics, above the 50-point mark that separates expansion and contraction in activity on a monthly basis.
The official composite PMI, which includes both manufacturing and services activity stood at 56.4 after 52.9 in January.
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Written By: Reuters
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