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China: Strongest improvement in manufacturing conditions in over five years in February
The latest PMI® data showed business conditions in China’s manufacturing sector improving at the strongest rate in over five years in February. The rate of growth in new orders accelerated notably in February, with particular strength in exports. As a result, output and purchasing was stepped up, and manufacturers grew more confident about the 12-month outlook. Backlogs of work rose but finished goods inventories stabilised as firms scaled up production. The headline seasonally adjusted Purchasing Managers’ Index™ (PMI) – a composite indicator designed to provide a single-figure snapshot of operating ... (full story)
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