China official February PMIs: Manufacturing 52.6 (prior 50.1) Services 56.3 (prior 54.4)

China National Bureau of Statistics (NBS) official PMIs for February 2023

manufacturing 52.6

• expected 50.5, prior 50.1

non-manufacturing 56.3

• expected 55.0, prior 54.4

Composite 56.4

• prior 52.9

more to come

I posted yesterday on why solid PMIs would be very welcome in China this week .... sheesh:

• China's National People's Congress begins later this week - stockmarket likely underpinned