Surveys show China manufacturing weak in February, industry facing deflationary pressures

April 1, 2015 2:39 AM

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BEIJING – Two surveys show China's manufacturing activity was anemic in February and industry faced more downward pressure on prices, adding to signs of economic weakness.

HSBC Corp. said Wednesday that its monthly purchasing managers' index fell to 49.6 on a 100-point scale on which numbers below 50 show activity contracting. A separate index by an industry group, the Chinese Federation of Logistics and Purchasing, and the National Bureau of Statistics edged up 0.2 p...

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