China manufacturing growth slows to 8-month low
Published on Mar 1, 2014 10:25 AM
BEIJING (AFP) - China's manufacturing growth fell to an eight-month low in February, government figures showed on Saturday, reflecting further weakening in the world's second-largest economy but also the effect of a major holiday.
The purchasing managers' index (PMI) tumbled to 50.2, the National Bureau of Statistics reported on its website, in the third straight drop from 50.5 in January, 51.0 in December and 51.4 in November.
A figure over 50 indicates expansion while one below shows contraction.
This marked China's 17th consecutive month of manufacturing growth but at a slowing rate - the lowest since a June reading of 50.1.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here