China’s factory activity hits decade high ...News

The manufacturing PMI surged to its highest since 2012, official data shows Activity in China’s manufacturing sector accelerated at its fastest pace in more than a decade in February due to a production rebound from Covid restrictions, the National Bureau of Statistics reported on Wednesday.  The official purchasing managers index (PMI), which measures factory activity, jumped to 52.6 from 50.1 in January, far exceeding analyst expectations of 50.5. The 50 threshold separates growth from contraction. The country’s non-manufacturing PMI, which reflects sentiment in the services and construction sectors, also finish

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