A private gauge of China’s services-sector activity dropped in January, posting its slowest growth in the past nine months. The Caixin China services purchasing managers index fell to 52 in January from 56.3 in December, Caixin Media Co. and research firm Markit said Wednesday. But the index still stood above the 50-mark separating expansion from .
From:ChinaDaily | 2021-02-02 08:56
Manufacturing still on healthy track despite rising costs and falling exports
China s factory activity remained in expansionary territory for the ninth consecutive month in January, although the expansion was at the slowest pace in seven months due to falling export orders, new pandemic cases and rising costs, a private survey said on Monday.
The Caixin China General Manufacturing Purchasing Managers Index fell by 1.5 percentage points on a monthly basis to 51.5 in January, the lowest level since July. The trend is consistent with the manufacturing PMI released by the National Bureau of Statistics on Sunday. The official figure was 51.3 in January, down 0.6 percentage point on a monthly basis. The official nonmanufacturing PMI fell by 3.3 percentage points on a monthly basis to 52.4 in January, but it has remained above the 50 mark that separates expansion from contraction for 11 consecutive months, according to the NBS.
Factory activity stays in expansion zone By JIANG XUEQING | China Daily | Updated: 2021-02-02 08:56 Share CLOSE An employee works on the production line of an automobile parts company in Deqing county, Zhejiang province. [Photo by Wang Zheng/For China Daily]
Manufacturing still on healthy track despite rising costs and falling exports
China s factory activity remained in expansionary territory for the ninth consecutive month in January, although the expansion was at the slowest pace in seven months due to falling export orders, new pandemic cases and rising costs, a private survey said on Monday.
The Caixin China General Manufacturing Purchasing Managers Index fell by 1.5 percentage points on a monthly basis to 51.5 in January, the lowest level since July. The trend is consistent with the manufacturing PMI released by the National Bureau of Statistics on Sunday. The official figure was 51.3 in January, down 0.6 per
China Factory Activity Posts Slowest Growth in 7 Months in January, Caixin PMI Shows morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.