The purchasing managers’ index is usually an advance indicator of China’s industrial production, trade activities, employment and business confidence. Photo: Reuters
China economy endures bad start to 2019 as private data highlights weakening manufacturing sector
- Caixin Purchasing Managers’ Index dropped 0.6 points to 49.4 in December, contracting for the first time since May 2017
- Follows release of official figures compiled by the National Bureau of Statistics, which dropped 0.6 to 49.4 last month, its first contraction since July 2016
The purchasing managers’ index is usually an advance indicator of China’s industrial production, trade activities, employment and business confidence. Photo: Reuters
