China's manufacturing growth fell to an eight-month low in February...
China manufacturing growth slows to 8-month low: govt
China’s manufacturing growth fell to an eight-month low in February, official figures showed on Saturday, in a further sign of the flagging strength of the world’s second-biggest economy.
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.
Article Title: China manufacturing growth slows to 8-month low: govt
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Originally published: March 2, 2014