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MNI BRIEF: China's Mfg PMI Back To Expansion Territory In Jan

MNI (Singapore)
MNI (Beijing)

The official PMI rose to 50.1 in January from 47 in December as production activity rebounded.

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China's Purchasing Managers' Index (PMI) rose to 50.1 in January, returning to expansion territory after three months as Covid controls were lifted and production activity gradually recovered, data from the National Bureau of Statistics on Tuesday showed.

The production sub-index stood at 49.8 in January, up from December's 44.6 reading. The level of production and demand in the manufacturing industry has picked up significantly, but due to the Spring Festival holiday the improvement in production was less than market demand, the NBS said.

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China's Purchasing Managers' Index (PMI) rose to 50.1 in January, returning to expansion territory after three months as Covid controls were lifted and production activity gradually recovered, data from the National Bureau of Statistics on Tuesday showed.

The production sub-index stood at 49.8 in January, up from December's 44.6 reading. The level of production and demand in the manufacturing industry has picked up significantly, but due to the Spring Festival holiday the improvement in production was less than market demand, the NBS said.

Keep reading...Show less