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Financial News: China Manufacturing PMI Improves To 49.2 In January

China Manufacturing PMI Improves To 49.2 In January - NBS

01/30/2024 - 20:45:00 (RTTNews)

(RTTNews) - The manufacturing sector in China continued to contract in January, albeit at a slower pace, the latest survey from the National Bureau of Statistics revealed on Wednesday with a manufacturing PMI score of 49.2.

That's up from 49.0 in December, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

The non-manufacturing index improved to 50.7 in January, the NBS said - up from 50.4 in the previous month.

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