Mar 5 - Feb. Non-Manufacturing PMI Falls to 48.4%

Source: China Federation of Logistics & Purchasing, ChinaScope Financial (Data)

+       According to data released on March 3 by the China Federation of Logistics and Purchasing (CFLP) and the National Bureau of Statistics (NBS), China’s non-manufacturing PMI in February was 48.4%, down 4.5 percentage points month-on-month.

+       Experts attribute the fall in the non-manufacturing PMI to lower consumption levels following the Spring Festival.

February’s non-manufacturing PMI was 48.4; firmly below the 50 demarcation line.

Other News Headlines:

n Feb. Non-Manufacturing PMI Falls to 48.4%

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