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Key FactsChina's Factory Activity Shrinks, Economic Momentum Muted
Jan 31, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: dailysabah.com
  • China's manufacturing activity shrank for the fourth consecutive month in January, indicating economic struggles.

  • The official purchasing managers' index (PMI) rose to 49.2 in January, driven by a rise in output, but remained below the 50-mark for growth.

  • January's new orders were at 49.0, contracting for the fourth month.

  • The official non-manufacturing purchasing managers' index (PMI) rose to 50.7 in January from 50.4 in December, the highest since September last year.
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