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China's manufacturing PMI up in January

China
2023.01.31 12:45
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The purchasing managers' index (PMI) for China's manufacturing sector rose to 50.1 in January from 47 in December, according to National Bureau of Statistics data released Tuesday. (Internet)

The purchasing managers' index (PMI) for China's manufacturing sector rose to 50.1 in January from 47 in December, according to National Bureau of Statistics data released Tuesday (Jan. 31).

A reading of 50 or higher indicates expansion, while a reading of 50 or lower indicates contraction.

In January, the sub-index for large enterprises was 52.3, up 4 percentage points from the previous month.

Demand in the manufacturing sector also increased, with the sub-index for new orders increasing by 7 percentage points month on month to 50.9.

According to the data, the sub-index for production was 49.8, up 5.2 percentage points from last December.

Tag:·China· PMI· manufacture· up

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