Mixed trends in Chinese manufacturing sector in JanuaryStaff writer ▼ | February 2, 2016
Manufacturing data released in China provided mix readings on the state of the sector at the start of the year.
China The Caixin China index was 48.4
To take note of, a gauge of new orders recorded its best reading since June 2015. However, the 'official' manufacturing sector PMI retreated from the reading of 49.7 seen in December to 49.4 (consensus: 49.6) a two-and-a-half year low.
Meanwhile, the country's non-manufacturing PMI came in at 53.5, down 0.9 points from the month before.
The manufacturing PMI compiled by the National Bureau of Statistics attaches a higher weighting to big state-owned enterprises. ■