China’s manufacturing activity beat expectations, expanded in February despite Winter Olympics, Lunar New Year

Mar 1, 2022 | INVESTING

China’s factory activity beat expectations and expanded in February, data released on Tuesday showed, despite concerns the Winter Olympics and Lunar New Year holiday had slowed the sector.The official manufacturing purchasing managers’ index (PMI) rose to 50.2 in February, from 50.1 in January, according to data from the National Bureau of Statistics (NBS).The figure was above the median forecast of a Bloomberg survey of analysts, which had predicted a fall to 49.8. A reading above 50 indicates…

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