China’s official manufacturing Purchasing Managers’ Index (PMI) rose to 51.6 in February, beating a 51.1 level expected, and 51.3 in January , Reuters reported on Wednesday, while China’s services sector slowed slightly in the month.
The official non-manufacturing PMI, or services, stood at 54.2 in February, compared with the previous month’s reading of 54.6, Reuters said, with both above the 50-point mark that separates growth from contraction on a monthly basis.
Ahead, the Caixin manufacturing PMI will be released with an expected reading of 50.8 for February.
