China Feb non-manufacturing activity extends growth - official PMI

Kitco Media
By Reuters
Published:
Updated:
Reuters
BEIJING, March 1 (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.
(Reporting by Liangping Gao and Joe Cash Editing by Tomasz Janowski)

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