China's manufacturing activity unexpectedly contracted in January, reversing the expansion seen in the previous three months. This slowdown was attributed partly to the Lunar New Year season, with migrant workers returning to their hometowns. Both the manufacturing and non-manufacturing PMIs declined, indicating a broader economic slowdown.
China's factory activity in January unexpectedly contracted, reversing the expansionary momentum in the past three months, partly due to a slow season ahead of the Lunar New year.The reading fell short of Reuters poll estimates of 50.1. PMI in December came in at 50.1, while in November it was 50.3. A PMI reading above the 50 threshold indicates expansion in activity, while one below that denotes contraction.
The manufacturing PMI in January tends to be softer, as migrant workers return to hometowns ahead of the Chinese New Year, which falls on Jan. 29, said Hui Shan, chief China economist at Goldman Sachs.China's non-manufacturing PMI, which measures services and construction activity, fell to 50.2 in January, compared to 52.2 in the preceding month..
ECONOMY CHINA PMI MANUFACTURING SERVICES
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's Factory Activity Growth Misses Expectations in DecemberChina's factory activity growth unexpectedly slowed in December, raising concerns about the effectiveness of government stimulus measures in reviving the struggling economy.
Read more »
China's December factory activity growth misses expectations as experts decry insufficient stimulusChina’s factory activity expanded for a third straight month in December, but missing Reuters’ expectations.
Read more »
China's Factory Activity Growth Slows in December, Missing ExpectationsChina's manufacturing activity growth slowed in December, missing analysts' expectations and signaling that Beijing's stimulus measures may not be enough to significantly boost the struggling economy. While the official purchasing managers' index (PMI) came in at 50.1, missing Reuters' prediction of 50.3, production and new orders rose in sectors like food processing, general equipment, and beverages. However, the non-manufacturing PMI, which measures services and construction, improved to 52.2 from 50.0 in November.
Read more »
China's Factory Activity Slows Despite StimulusChina's factory activity expanded at a slower pace in December, official data showed on Tuesday, despite recent stimulus measures and in the face of increasing trade risks. The Purchasing Managers' Index, based on a survey of factory managers, slipped to 50.1 in December from 50.3 the previous month.
Read more »
Japan Factory Activity Contracts at Slower Pace in DecemberJapan's manufacturing sector showed signs of stabilization in December as factory activity contracted at a slower pace, with easing declines in production and new orders. Although the PMI remained below 50, indicating contraction, it edged closer to neutral territory.
Read more »
US Stock Futures Rise as Investors Await Factory Activity DataUS stock futures pointed upward on Friday, signaling a potential rebound from the negative start to 2025. The market is awaiting crucial factory activity data, which could shed light on the manufacturing sector's health.
Read more »