China's manufacturing PMI drops in Feb
时间：2013-03-01 05:10:06
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BEIJING, March 1 (Xinhua) -- China's Purchasing Managers' Index (PMI) for the manufacturing sector1 fell for a second month to 50.1 percent in February from 50.4 percent in January, according to data released Friday.
The China
Federation2 of Logistics and Purchasing (CFLP) said in a statement on its website that the drop is mainly due to the weeklong Spring Festival holiday that fell in last month.
The Spring Festival, or China's lunar new year, is the country's most important traditional holiday for family reunions. This year, Chinese people enjoyed a holiday from Feb. 9 to 15.
At present, China's industrial production is generally steady at present and companies are
relatively3 optimistic about future economic
prospects4, the statement said.
"In general, the country's economy is still on the course of stabilization," according to the CFLP.
The February figure marked the fifth
consecutive5 month that the PMI stayed above 50 percent, which demarcates expansion from
contraction6, CFLP data showed.
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