Mar 02 - Feb. Manufacturing PMI Increases

Source: China Federation of Logistics & Purchasing, Yicai

+       The China Federation of Logistics and Purchasing (CFLP) and the National Bureau of Statistics (NBS) jointly reported that in February 2012, China’s manufacturing purchasing managers index (PMI) was 51%, rebounding by 0.5 percentage points from the previous month.

+       Compared with January, only the raw material inventory index decreased. The new export orders index, inventory backlog index, and purchasing price index increased by over four percentage points.

+       The HSBC-Market PMI for China was 49.6%, indicating that China’s manufacturing industry is still slowing down. However, the index is gradually approaching the demarcation line of 50.

The HSBC PMI remains below the 50 demarcation line, while the NBS PMI is above. In February, both the HSBC PMI and the NBS PMI increased month-on-month, with 0.8 points and 0.5 points respectively.

Other News Headlines:
n Feb. Manufacturing PMI Increases
n FAW Group Might Complete Overall Listing This Year
n Assets in China’s Banking Industry Totaled CNY 111.6 Trillion at the End of Jan.
n Home Prices in 100 Chinese Cities Has Decreased MoM for Six Months

If you'd like to receive a daily e-mail update of ChinaScope Daily Dim Sum Newsletter, please contact us:newsletter@chinascopefinancial.com. If you'd like to try out ChinaScope Database, apply for a trial here