China February factory activity contracts at record pace as coronavirus bites

FEBRUARY 29, 2020

China’s official Purchasing Managers’ Index (PMI) fell to a record low of 35.7 in February from 50.0 in January, the National Bureau of Statistics said on Saturday, well below the 50-point mark that separates monthly growth from contraction.

The data foreshadows that the economic disruption from the virus will likely extend to the whole first quarter of 2020 since the disease outbreak has caused widespread transport curbs and required tough public health measures that have paralyzed economic activity

Source: Reuters
Full Content: https://www.reuters.com/article/us-china-economy-pmi-factory-official/china-february-factory-activity-contracts-at-record-pace-as-coronavirus-bites-idUSKBN20N03R