Market News

    China's factory activity shrinks, but private survey tops 5-year high

    China's manufacturing activity revealed mixed performances on Wednesday, with an official survey highlighting ongoing struggles for ​factory orders, while a private poll pointed to the sector's best business conditions in more than five years.
    The official purchasing managers' ‌index (PMI) fell to 49.0 in February from 49.3 in January, a 4-month low, the National Bureau of Statistics' survey showed. It remained below the 50-mark separating growth from contraction, and missed a median forecast of 49.1 in a Reuters poll.
    Source : Reuters