China manufacturing weakens for third month in February
BEIJING (AP) — China’s manufacturing recovery weakened for a third month in February as exports and new orders declined, according to two surveys released Monday.
A monthly purchasing managers’ index issued by a prominent business magazine, Caixin, declined to 50.9 from January’s 51.5 on a 100-point scale on which numbers above 50 show activity accelerating.
A separate PMI issued by the Chinese statistics agency and an official industry group, the China Federation of Logistics & Purchasing, retreated to 50.6 from 51.3.