China's February manufacturing PMI reaches 50.2... economy recovering - Chinese report

On the 1st, the National Bureau of Statistics of China announced the February manufacturing Purchasing Managers' Index (PMI). According to the published data, the February Chinese manufacturing PMI rose 1.1 points from the previous month to 50.
The PMI for large companies rose 2.6 points to 52.5, while the PMI for medium-sized companies rose 2.6 points to 52.5.
The manufacturing PMI was down 0.3 points to 49.2, while the small business PMI was down 0.2 points to 46.3. The five sub-indices that make up the manufacturing PMI are the production index, which increased 2.7 points to 52.5, new orders, and new orders for new businesses, which increased 2.7 points to 52.5.
The inventory index increased 1.9 points to 51.1, and the supplier delivery time index increased 0.7 points to 51.0, both of which were above 50.
The raw materials inventory ratio index decreased by 0.7 points to 47.0, and the employee index increased by 0.5 points to 48.6, both of which were 5.
Meanwhile, the non-manufacturing PMI, which covers the construction and service sectors, rose 0.2 points from the previous month to 50.4. The construction PMI rose 3.4 points to 50.4.
The index was 2.7, while the services PMI was down 0.3 points to 50.0.