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MNI BRIEF: Caixin Jan Manufacturing PMI Remains Flat From Dec

MNI (Singapore)
MNI (Beijing)
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China's Caixin manufacturing PMI registered 50.8 in January, flat from December, staying in the expansionary zone above the breakeven 50 mark for the third month, with pro-growth policies taking effect, the financial publisher said Thursday.

The production sub-index has been above 50 for the fifth time in six months, and the new orders sub-index has been in the expansion range for six consecutive months. External demand reversed falling, with the new export orders sub-index standing above 50 for the first time in seven months.

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China's Caixin manufacturing PMI registered 50.8 in January, flat from December, staying in the expansionary zone above the breakeven 50 mark for the third month, with pro-growth policies taking effect, the financial publisher said Thursday.

The production sub-index has been above 50 for the fifth time in six months, and the new orders sub-index has been in the expansion range for six consecutive months. External demand reversed falling, with the new export orders sub-index standing above 50 for the first time in seven months.

Keep reading...Show less