The manufacturing sector in China continued to expand in February, albeit at a slower pace, the latest survey from Caixin showed on Monday with a manufacturing PMI score of 50.9.
That’s down from 51.5 in January, although it remains above the boom-or- bust line of 50 that separates expansion from contraction.
Individually, output expanded modestly amid a softer rise in new work as the pandemic weighed on export sales and supplier performance.
Greater prices for raw materials and higher transport costs led to a further substantial rise in input costs. As a result, prices charged by manufacturers rose solidly as companies looked to partially pass on higher cost burdens to customers.
Business confidence improved on hopes for a global economic recovery in the months ahead.
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