China’s official purchasing managers’ index slipped to 52.2 in February from 52.9 in January, suggesting manufacturing activity on the mainland continued to soften, even as inflationary pressures mounted. The data, released by the China Federation of Logistics & Purchasing, marked the 24th straight month that the PMI remained above the all-important level of 50, which separates expansion from contraction, according to a Reuters report. The release also showed that a subindex for input prices rose to 70.1 in February from 69.3 in the previous month, suggesting a continued increase in raw-material prices at factories
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