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
Topic |   China economy

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The purchasing managers’ index is usually an advance indicator of China’s industrial production, trade activities, employment and business confidence. Photo: Reuters
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