Factory Activity Contracts News Today

The official manufacturing purchasing managers index was 49.2 this month, the National Bureau of Statistics said in a statement on Wednesday — slightly above December’s reading of 49 but still below the 50 mark that separates expansion from contraction. Economists had expected 49.3.

Asia markets mirror Wall Street's decline; most AI stocks, including Microsoft, Alphabet, and AMD, tumble; China's January factory activity contracts; attention shifts to Fed and BOE policy meetings.

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The official manufacturing purchasing managers’ index rose slightly to 49.7 last month, according to the National Bureau of Statistics, in contraction but still an improvement over the 49.3 reading in July.

China's Factory Activity Contracts for Fourth Month in a Row Introduction China's factory activity contracted for a fourth consecutive month in July,