BEIJING – The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 51.3 in January, edging down 0.6 percentage points from December, data from the National Bureau of Statistics showed Sunday.
A reading above 50 indicates expansion, while a reading below reflects contraction. The PMI remained in expansion zone for the 11th consecutive month.
The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 52.4 in January, down from 55.7 in December.
The non-manufacturing PMI has remained above 50 for 11 consecutive months, data from the NBS showed.