RIO DE JANEIRO, BRAZIL - Amid the global surge in Covid-19 (coronavirus) cases, industrial activity in China, the world's second-largest economy, dropped to an all-time low in February this year. The information was released on Saturday, February 29th (Friday night, 28th, Brasília time) by the National Bureau of Statistics (BNS).
The purchasing managers' index (PMI) for the month of February stood at 35.7 points, against 50.0 in January, according to the BNS. A figure above 50 shows growth in activity and below it, a contraction. The result is much lower than projected by analysts . . .