Mumbai, March 3 -- China's manufacturing economy expanded at a faster rate in February, supported by concurrent rises in both output and new orders amid evidence of improved market conditions.
Purchasing activity growth also picked up, whilst confidence in the outlook strengthened to a three-month high. A reduction in employment was recorded, but at a noticeably slower rate than at the start of the year.
On the price front, costs were only marginally higher whilst discounting of output charges was registered for a third month running.
The headline seasonally adjusted Purchasing Managers' Index (PMI) improved to a three-month high of 50.8 in February.
That was up from January's 50.1 and, although indicative of only a marginal improvement...