Both the manufacturing and services PMIs are improved on the month. of course manufacturing remains in contraction for the ninth out of the past 10 months and for its fourth consecutive month.
Composite PMI for the month is 50.9
- prior 50.3
China January Manufacturing PMI 49.2 (vs. 49.2 expected) Services 50.7 (expected 50.6)
- Official PMIs from China's National Bureau of Statistics (NBS) for January 2024