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
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