Chinese Manufacturing PMI Slumps in February

New orders fell to 49.0, the second straight month below 50. Imports slowed to a 49.8 reading. Factory prices fell to 49.2 versus 56.3 a year earlier. Orders fell to 44.9.

The Services PMI was stronger at 54.4. New orders slid to 45.9 though, and selling prices fell to 49.9 versus 51.4 a year ago.

The slowdown is underway.

NBS: 2018年2月中国采购经理指数运行情况

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