Chine Pmi Composite

The Caixin China General Composite PMI stood at 52.5 in February 2024, the same as in the prior month. It was the fourth straight month of growth in private sector activity, with new orders accelerating fractionally amid the second straight month of expansion in overseas sales. Meanwhile, employment fell after stabilizing in January amid a slight drop in backlogs. On prices, cost pressures rose further, but were mild overall. In the meantime, selling prices rose marginally. Finally, confidence dipped to a four-month low, as sentiment among service providers weakened. “At the start of 2024, policymakers doubled down on measures aimed at stabilizing growth and strengthening market confidence," said Dr. Wang Zhe, senior economist at Caixin Insight Group. "Looking ahead, the focus should be on the effectiveness of the measures."