China’s factory activity bounced back in January and expanded for the first time since September, data from the national bureau of statistics showed.
China’s factory activity bounced back in January and expanded for the first time since September, data from the national bureau of statistics showed.
The official manufacturing purchasing managers’ index (PMI) rose to 50.1 in January, above the 50-point mark that separates growth from contraction. That’s compared to December’s reading of 47.
Non-manufacturing PMI rose to 54.4, the highest level since June 2022. It was a sharp improvement from a reading of 41.6 from the previous month, backed by a strong recovery in services and construction activities.
