Activity in China’s manufacturing industry has, in February, an absolute record low is reached as a result of the outbreak of the corona virus, reports Reuters news agency on Saturday.
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An important measure of the Chinese industry, the so-called purchasing managers index, fell last month to 35,7 points, compared to 50 in January. Any score below 50 indicates a contraction, above 50 is growth.
Analysts had expected the index to 46,0, it would end up. A score in the neighborhood of the current 35,7 points since the global financial crisis has not been the case, and even then it was still a lot up of 38.8.
China’s hopes that a big part of the business in march, largely operational. There are a lot of workers are required in the home, and to keep the companies close their doors due to the outbreak of the COVID-19-the virus.
