On Thursday, the official PMI rose to 49.5 from 49.4 in December. This was higher than the expectations of a group of analysts polled by Bloomberg, which had predicted that it would dip slightly to 49.38. Photo: Reuters

Bad start continues for China economy as private data shows manufacturing activity weakest since 2016

  • The Caixin Purchasing Managers’ Index (PMI) fell to 48.3 in January from 49.7 in December, the lowest since February 2016
  • On Thursday, the official PMI rose to 49.5 from 49.4 in December, but both indexes signal contraction in factory activity
Topic |   China economy

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On Thursday, the official PMI rose to 49.5 from 49.4 in December. This was higher than the expectations of a group of analysts polled by Bloomberg, which had predicted that it would dip slightly to 49.38. Photo: Reuters
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