February Caixin Manufacturing PMI: Production Growth and New Orders on the Rise
Caixin PMI Summary:
Production and new orders grew faster in February.
New export business expanded for the second consecutive month due to an improvement in underlying global demand conditions.
Inventories of purchased items increased at the fastest pace since late-2020.
Stocks of finished items fell for the first time since June last year.
Employment fell for the sixth successive month.
Factory gate prices down for the second month, with the rate of discounting being the quickest since July 2023.
PMI Survey Differences:
The official PMI survey covers large and state-owned companies, while the Caixin PMI survey covers small and medium-sized enterprises. The Caixin PMI is considered a more reliable indicator of China's private sector performance due to its broader sample of companies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.