(AGI) – Beijing, March 1 – Manufacturing in China decline for the seventh consecutive month in February and the lowest since November 2011. The Purchasing Managers ‘Index (PMI), calculated by the National Institute of Statistics of China and’ stopped at an altitude of 49, down from 49 value , 4 touched last January and below the value 50 that divides an economy in contraction from an expanding, above the threshold. The result of February confirms short of analysts’ expectations and represents another sign of China’s economic slowdown, confirmed by calculation of SMEs operated by Caixin, fell to 48 per share in February, declining for the twelfth consecutive month.
the Chinese manufacturing sector and ‘under pressure to the low demand both internally and externally, to the falling prices of raw materials and problems of overproduction. Also weighing on the disappointing result in February intervened, however, ‘even the holidays’ of the lunar new year, the time of year when there is the most’ slowdown in production spread over the holiday period. What worries analysts also declining PMI index for non-manufacturing sector, which remains in positive territory: according to the National Statistics Office data for China, the services fell to 52.7 level than the value of 53, 5 recorded in January. The services and domestic consumption are among the priorities ‘of the government for the restructuring of the economy, the center of the new five-year development plan that will be’ launched in the course of business of the annual plenary session of the National People’s Congress, China’s parliament, which open on March 5 next. (AGI)
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March 1, 2016 ©
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