Sigma Capital

03-03-2025

China Manufacturing PMI Hits 3-Month High

Source: MIST

Trading Economics-


The Caixin China General Manufacturing PMI rose to 50.8 in February 2025 from 50.1 in the previous month, surpassing market expectations of 50.3. This marked the highest reading since last November, with output and new orders growing the most in three months as market conditions enhanced. Additionally, foreign sales increased, ending a two-month fall. Firms bolstered their buying levels, though not enough to fully meet production demands. Meanwhile, employment remained under pressure, down for the sixth month, despite a slower drop. Backlogs accumulated further, keeping the gauge in positive territory for the fifth month. Delivery times improved as logistics operations resumed to normal after the end of the Spring Festival break. On the cost side, input prices edged higher but at a modest pace, due to rising prices of copper and some chemical products; while output prices fell for the third month. Finally, confidence rose for the second month, moving closer to its long-run average.