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In February, the PMI index of manufacturing industry increased slightly to the highest level since August last year and expanded for nine consecutive months. Although the new export order has dropped, the total business volume has increased and the confidence index has risen to the highest level in 11 months. As a whole, China's manufacturing industry continues to extend a small expansion, and the domestic economy is still resilient.
On Thursday, Caixin /Markit jointly announced that seasonally adjusted Chinese Manufacturing Purchasing Managers Index (PMI) in February was 51.6, slightly higher than last month's 51.5 and Reuters survey median 51.3, the highest since August last year, when it was 51.6.
"Overall, the output and employment index have declined, the new order index increased slightly, reflecting a stable demand, slightly stronger than the output." The new financial think tank moneta macroeconomic research director Zhong Zhengsheng pointed out that the finished goods inventory and stock index showed manufacturing expansion rate increase, also reflects the construction enterprises are actively preparing for the March.
He also said that whether the demand for manufacturing enterprises will increase after starting up in March is the key factor to decide the direction of China's economic development in 2018, and the resilience of China's economy will continue.

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