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MNI BRIEF: Caixin Jan Manufacturing PMI Remains Flat From Dec

MNI (Singapore)
MNI (Beijing)

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.

Caixin's PMI mainly tracks small and medium-sized manufacturers. The official PMI, which was released on Wednesday, typically covers large state-owned companies and rose by 0.2 points to 49.2 in January.

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