China's Factory Activity Slows for Fifth Straight Month

Factory PMI shrinks for the fifth straight month in February
Mixed data show uneven recovery in world’s No. 2 economy

WATCH: China’s slowdown has consequences for the rest of the world, including other countries, companies and you.Source: Bloomberg

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By Bloomberg News

March 1, 2024 at 1:38 AM UTC

Updated on

March 1, 2024 at 8:38 AM UTC

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China’s factory activity shrank for the fifth straight month in February, suggesting weak demand remains an obstacle for the economy.

The official manufacturing purchasing managers index for last month edged lower to 49.1, the National Bureau of Statistics said in a statement Friday. That compares to the median forecast of 49.0 by economists surveyed by Bloomberg News, and January’s reading of 49.2.