Updated: China’s manufacturing, services sectors expanded at slower pace in January amid COVID-19 resurgence in some regions
STOCKS
Updated: China’s manufacturing, services sectors expanded at slower pace in January amid COVID-19 resurgence in some regions
STOCKS

Updated: China’s manufacturing, services sectors expanded at slower pace in January amid COVID-19 resurgence in some regions

 

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China’s manufacturing and services sectors' recovery continued in January but at a slower pace, as the resurgence of coronavirus in some regions of the country took a toll on business sentiment.

The official manufacturing purchasing managers’ index (PMI) – a survey of sentiment among factory owners in the world’s second-largest economy – fell to 51.3 last month from 51.9 in December, according to the National Bureau of Statistics (NBS).

December’s reading was below the median prediction of analysts in a Bloomberg poll, which expected a drop to 51.5 . . .

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