China Purchasing Indexes Drop to Record Lows as Epidemic Stalls Output

Feb. 28, 2020 ten:02 pm ET BEIJING—Official gauges of China’s factory and nonfactory activity plunged…

BEIJING—Official gauges of China’s factory and nonfactory activity plunged to history lows in February as the nation’s economic system struggled to resume standard output as it confronted the coronavirus epidemic.

The official production acquiring professionals index tumbled to 35.7 in February from 50 in January, indicating a deep contraction. February’s reading through from the Nationwide Bureau of Stats on Saturday was the initial official facts for a entire thirty day period of economic activity in China considering that the coronavirus commenced impacting the economic system…