China’s manufacturing sector rebounded unexpectedly in February, flash figures from Markit Economics showed Wednesday.
The manufacturing purchasing managers’ index, or PMI, rose to a four-month high of 50.1 in February from 49.7 in January. Economists expected the index to come in at 49.5.
The latest reading marked a slight expansion in manufacturing activity. A reading above 50 signals expansion while that below 50 indicates contraction.
The manufacturing output index also increased to a five-month high of 50.8 from 50.3 in the previous month.
New orders climbed at a faster rate in February while employment levels declined at an accelerated pace.
Final data will be released on 2nd March.
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