(MENAFN) Chinese manufacturing business activity rebounded slightly in February but still stayed in contraction territory after falling to a 28-month low in January, official data showed, QNA reported.
The manufacturing purchasing managers' index (PMI), a key measure of factory activity in China, posted at 49.9 in February, up from 49.8 in the previous month, according to the data released by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing.
A reading above 50 indicates expansion, while a reading below 50 represents contraction.
The index of last month ended a losing streak lasting for four consecutive months since last October and showed China's manufacturing contraction has narrowed.
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