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China factory activity shrank at its fastest rate on record in February

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Sat, 29 Feb 20 3:44 PM | 25 view(s)
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China factory activity shrank at its fastest rate on record in February

China’s official Purchasing Managers’ Index (PMI) fell to a record low of 35.7 in February from 50.0 in January.

The data highlight the damage from the coronavirus outbreak on the world’s second-largest economy.

The results suggest deepening cracks in an economy already hit by the trade war.

more:
http://www.cnbc.com/2020/02/29/china-pmi-factory-activity-shrank-at-fastest-rate-on-record-in-february.html




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