National Bureau of Statistics: Manufacturing PMI in February was 50.2%, an increase of 1.1 percentage points from the previous month.

On March 1st, data from the National Bureau of Statistics showed that in February, the Purchasing Managers' Index (PMI) for the manufacturing sector was 50.2%, an increase of 1.1 percentage points from the previous month, indicating a significant improvement in the manufacturing sector. In terms of enterprise size, the PMI for large enterprises was 52.5%, an increase of 2.6 percentage points from the previous month, above the critical point; the PMIs for medium and small enterprises were 49.2% and 46.3% respectively, a decrease of 0.3 and 0.2 percentage points from the previous month, both below the critical point. The production index, new order index, and supplier delivery time index were above the critical point, while the raw material inventory index and employment index were below the critical point. The production index was 52.5%, an increase of 2.7 percentage points from the previous month, indicating a faster recovery of production activities in the manufacturing sector after the Spring Festival. The new order index was 51.1%, an increase of 1.9 percentage points from the previous month, indicating a recovery in market demand in the manufacturing sector. The raw material inventory index was 47.0%, a decrease of 0.7 percentage points from the previous month, indicating a further reduction in the inventory of major raw materials in the manufacturing sector. The employment index was 48.6%, an increase of 0.5 percentage points from the previous month, indicating an improvement in employment conditions in the manufacturing sector. The supplier delivery time index was 51.0%, an increase of 0.7 percentage points from the previous month, indicating a faster delivery time for raw materials suppliers in the manufacturing sector.