Similar Stories to China Manufacturing Shrinks Again In February: Govt on Bing News

Kelly Olsen, Business Insider
Sat, 02/28/2015 - 8:33pm

Beijing (AFP) - China's manufacturing activity contracted for the second straight month in February, the government said on Sunday, a day after the central bank announced an interest rate cut to help stem a slump in the world's second-largest economy.The official Purchasing Managers' Index (PMI) released by the National Bureau of Statistics (NBS) came in at 49.9 last month, up a fraction from 49.8 in January, but remaining in contraction.The index, which tracks activity in factories and workshops, is considered a key indicator of the health of China's economy, a major driver of global growth.

Topics: beijing afp china purchasing managers index pmi national bureau statistics nbs liu li-gang zhou hao people's bank china pboc historically october 2009.the pboc november rrr british asian united states japan premier li keqiang national people s congress china february pmi in january anz liu zhou pboc cpi hsbc manufacturing growth economy percent cut figure rate central interest month year rates announced inflation lending time percentage consumer indicator official one-year key activity sunday released straight expansion bid driver policy price major slowdown survey annual easing point expected

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