China's factory activity stuns with fastest growth in a decade

China's February manufacturing activity sees fastest growth in over a decade

China's manufacturing activity expanded at the fastest pace in over a decade in February, smashing expectations as production zoomed after the lifting of Covid curbs. On Wednesday (March 1), the country's official manufacturing purchasing managers' index (PMI) climbed to 52.6 in February compared to  50.1 in January, the news agency Reuters reported. The PMI far exceeded an analyst forecast of 50.5 and was the highest reading since April 2012.

China’s factory activity stuns with fastest growth in a decade

Wed, 2023-03-01 11:31 BEIJING: China’s manufacturing activity expanded at the fastest pace in more than a decade in February, an official index showed on Wednesday, smashing expectations as production zoomed after the lifting of COVID-19 restrictions late last year, Reuters reported. The manufacturing purchasing managers’ index shot up to 52.6 from 50.1 in January, according to China’s National Bureau of Statistics, above the 50-point mark th…

Oil prices rise as China factory bounce boosts demand outlook

Oil prices continue to be supported by expectations for a strong rebound in demand in China, the world's second-largest crude consumer.

Oil prices rise as China factory bounce boosts demand outlook

SINGAPORE -Oil prices extended gains for a second session on Wednesday after a strong jump in manufacturing in China, the world’s top crude importer, boosted the outlook for global fuel demand. Brent crude futures for May rose 46 cents, 0.6 percent, to $83.91 a barrel at 0445 GMT. U.S. West Texas Intermediate (WTI) crude for […] The post Oil prices rise as China factory bounce boosts demand outlook appeared first on Inquirer Business.

Asian shares, oil advance on strong China factory data

Asian shares are higher after key measures of China manufacturing showed a strong recovery after anti-virus controls were lifted late last year

China’s manufacturing factory activity stuns with fastest growth in a decade

The manufacturing purchasing managers' index (PMI) shot up to 52.6 from 50.1 in January, according to the National Bureau of Statistics, above the 50-point mark that separates expansion and contraction in activity.