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Mixed trends in Chinese manufacturing sector in January

Staff 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 manufacturing
China   The Caixin China index was 48.4
The Caixin China manufacturing sector purchasing managers' index, which better captures trends among smaller and medium-sized companies, rose from a reading of 48.2 for December to 48.4 in January.

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.