Published:
China manufacturing activity contracts in January
PMI for equipment manufacturing sector expanded for the sixth consecutive month.
China's purchasing managers index dipped to 49.1 in January from 50.1 in December, mostly affected by the Spring Festival holiday and employees returning home.
A PMI reading above 50 signifies expansion, while a figure below 50 indicates contraction.
The NBS data indicated that the sub-indices for production and new orders were recorded at 49.8 and 49.2, respectively.
In contrast, the PMI for the equipment manufacturing sector has remained above 50 for the sixth consecutive month, with January's figure at 50.2, as reported by the NBS.
