The Purchasing Managers Index (PMI) increased in China

Purchasing Manager Index (PMI) of China's increased by 2.5% m-o-m, and reached 52.6%.

The main reasons for this increaes were explained as follows:

• The production index increased by 6.9% to 56.7%, which indicates a general improvement in industrial production.
• The new orders index increased by 3.2% to 54.1%, which indicates an improvement in the demand for products.
• The improvement in access to the labor force in China after the New Year holiday increased the employment index by 2.5 points to 50.2%.
• Due to the better raw material flow, the waiting time index increased by 4.4% and reached 52%.
• On the other hand, the raw material inventory index increased by 0.2% and remained slightly below the growth threshold with 49.8%, indicating an increase in raw material demand from the industrial production sector due to the improvement in production.