China's factory activity expanded at a slowest pace in five months in January, with new orders slowing further and export orders slipping into contraction, indicating a weaker outlook for small manufacturers even before the coronavirus outbreak.
The Caixin manufacturing purchasing managers’ index (PMI), a survey of small, private factories, came in at 51.1 for January, according to data released on Monday. A reading above 50 indicates expansion while a reading below the mark represents contraction . . .
To continue reading, please subscribe. You will get
- IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
- THE WIRE - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
- DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare.
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In