Resumen de Manufacturing growth hints at economic recovery
"The final February HSBC manufacturing PMI suggests a slower pace of expansion. But China's recovery continues on improving domestic demand conditions and the labour market," said Hongbin Qu, HSBC's chief economist for China and co-head of Asian Economic Research.
"The pace of ongoing recovery is mild, implying no need for the PBoC [People's Bank of China] to tighten policy any time soon," he added.
"The PMI held steady in February, but some consolation can be gained from the fact that January's reading was the highest for 11 months, suggesting that the manufacturing downturn has eased so far this year compared to the pace of decline seen throughout much of last year," said Chris Williamson, chief economist at Markit.
