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China HSBC manufacturing PMI falls to 50.4 in Feb. from 52.3 in Jan.
BEIJING, Feb 28, 2013 (Xinhua via COMTEX) --
The HSBC purchasing managers' index
(PMI) for China's manufacturing sector fell to 50.4 in February from
52.3 in January, signaling a marginal strengthening of operating
conditions in the manufacturing sector, the HSBC said Friday.
The index registered above the 50 threshold that demarcates
expansion from contraction for the four successive months.
The PMI sub-index for output also expanded for the fourth month in
a row in February, while new orders rose for the fifth consecutive
month but at a modest pace.
Qu Hongbin, chief economist at HSBC, said the final February PMI
suggested a slower pace of expansion. But China's recovery continued
on improving domestic demand conditions and the labor market,
implying no need for the central bank to tighten policy any time
soon, the economist added. (Edited by Ding Lei, dinglei@xinhua.org)
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