Beijing: China's manufacturing industry registered its worst data in February 2020 by the coronavirus outbreak – National Bureau of Statistics (NBS) said on Saturday.
Chinese manufacturing remained all time low in February 2020 amid the outbreak of coronavirus, fearing over the impacts on Chinese economy. Financial analysis expected a reading of 45.0, as 50 indicates contraction in activity which is higher than the expected.
China's official manufacturing PMI dropped to 35.7 in February from 50.0 in January as the lowest figure 38.8 reported in November 2008 during the global financial crisis; South China Morning Post reportes.
The NBS said that the automotive and specialised equipment industries were hit hard, but that the effect was "more severe" in the non-manufacturing area. Also there was a fall in demand for consumer industries involving gatherings of people, such as transportation, accommodation, catering, tourism, and resident servicesNBS continued .
Although the new coronavirus pneumonia epidemic has caused a larger impact on production and operations of Chinese enterprises, currently the epidemic has come under initial containment, and the negative impact on production is gradually weakening.
China on Saturday confirmed 427 new coronavirus cases and 47 more deaths throughout the day on Friday, representing 31% increase in COVID19 infection compared to the previous day, while deaths on Friday exceeded 7% than earlier.
The number of deaths so far in China stands at 2,835 and the number of confirmed cases at 79,251, the latest National Health Commission announced on Saturday.
