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- Chinese manufacturing PMI rose more than expected in January, but remains in contraction
Chinese manufacturing PMI rose more than expected in January, but remains in contraction
The manufacturing sector in China continued to contract in January, albeit at a slower pace, with a manufacturing PMI score of 49.5, according to rttnews
That beat expectations for a score of 49.3 and is up from 49.4 in December, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.
The bureau also said its non-manufacturing index came in at 54.7, topping forecasts for 53.9 and up from 53.8 in the previous month.
The composite index had a score of 53.2, up from 52.6 a month earlier.
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