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在线翻译:
szdaily -> Business -> 
Factory activity growth slips to 9-month low: Caixin PMI
    2021-03-02  08:53    Shenzhen Daily

CHINA’S factory activity expanded at the slowest pace in nine months in February as weak overseas demand and coronavirus flare-ups weighed on output, adding pressure on the country’s labor market, a business survey showed yesterday.

The results back an official survey released over the weekend showing China’s factory activity expanded at the weakest pace since last May.

The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) fell to 50.9 last month, the lowest level since last May.

Analysts polled previously had expected the index to remain unchanged from January’s reading of 51.5. The 50-mark separates growth from contraction on a monthly basis.

“Overseas demand continued to drag down overall demand. Surveyed manufacturers highlighted fallout from domestic flare-ups of COVID-19 in the winter as well as the overseas pandemic,” said Wang Zhe, senior economist at Caixin Insight Group, in comments released alongside the data.

A sub-index for production fell to 51.9, the slowest pace of expansion since April last year, while another sub-index for new orders fell to 51, the lowest since May.

Export orders shrank for the second month. Factories laid off workers for the third month, and at a faster pace, with Wang noting “companies were not in a hurry to fill vacancies.”

An index of confidence in the year ahead rose however to 63, the highest since October. Input and output prices continued to rise albeit at a slower pace.

“Now the major challenge for policymakers will be maintaining the recovery while paying close attention to inflation,” Wang added.(SD-Agencies)

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