January was 54.7, so down a little this month and a tic under median expected

Composite comes in at 53.3

  • prior 53.7

Key points made by Markit:

  • Softer increases in activity across both the manufacturing and service sectors
  • New order growth slows at services companies, but picks up at manufacturers
  • Input price inflation subsides

Commenting on the China General Services PMI data, Dr. Zhengsheng Zhong, Director of Macroeconomic Analysis at CEBM Group said:

  • The Caixin China General Services Business Activity Index came in at 54.2 for February, dipping 0.5 points from the previous month's high.
  • A drop in the new business index was most obvious, reflecting a cooling of strong demand for the services industry. Under those conditions, the input prices index declined from the previous month's high, but the index for prices charged unexpectedly moved up, indicating the profitability of services business was moving in a positive direction.
  • Along with this, the future output expectations index (reflecting services' expectations for the next 12 months) saw an increase. The Caixin integrated output index came in at 53.3 for February, down from the previous month's high, as manufacturing output and services business activity indices declined from the previous month. But manufacturing demand still remained stable, service industry prices rose towards convergence, and the stable condition of the macro economy didn't waver.

(bolding mine)

China data can impact the AUD .... its a it's a few tics lower after the data