China manufacturing PMI rises to two-month high


China's manufacturing activity has accelerated to a two-month high in February.

A preliminary survey compiled by HSBC and Markit revealed the manufacturing purchasing managers' index rose to 52.5 from a reading of 51.7 the previous month.

However, the Manufacturing Output PMI eased to 55.1 from 55.9 in January. A reading over 50 is considered expansionary.

The survey polled managers at 420 manufacturing companies in China.

"Growth of the manufacturing sector bounced back a little this month, said HSBC analysts in a note accompanying the PMI release.

“This should reduce concerns about a sharp slowdown in growth."

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