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China’s PMI February 2023

According to the latest data from the National Bureau of Statistics, the purchasing managers' index (PMI) for China's manufacturing sector expanded for the first time in four months to 52.6 in February, the highest level since 2012, after reaching 50.1 in January. A reading above 50 indicates expansion, while a reading below reflects contraction.


The data also showed the PMI for China's non-manufacturing sector came in at 56.3 in February, after 54.4 in January.


The official composite PMI, which includes both manufacturing and services activity, rose to 56.4 in February, up from 52.9 in January.


Also, the Caixin/S&P Global manufacturing PMI rose to 51.6 in February, up from 49.2 in January.


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