China’s manufacturing returns to expansion zone in January
by ChemOrbis Editorial Team - content@chemorbis.com
According to a data from the country’s National Bureau of Statistics, the official purchasing managers’ index (PMI) for China’s manufacturing sector increased to 50.1 in January from 47.0 in December, returning the expansion zone.
A PMI reading below 50 indicates contraction in the manufacturing sector, while a reading above that level suggests growth.
The NBS also said its non-manufacturing index rose to 54.4 from 41.6 in December, while its composite PMI increased to 52.9 from 42.6.
A PMI reading below 50 indicates contraction in the manufacturing sector, while a reading above that level suggests growth.
The NBS also said its non-manufacturing index rose to 54.4 from 41.6 in December, while its composite PMI increased to 52.9 from 42.6.
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