China factory sector grows slightly more than expected in January: official PMI
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[BEIJING] Activity in China's manufacturing sector expanded slightly more than expected in January, but at roughly the same pace as in December, an official survey showed on Wednesday.
The official Purchasing Managers' Index (PMI) stood at 51.3 in January, compared with the previous month's 51.4, and above the 50-point mark that separates growth from contraction on a monthly basis.
Analysts polled by Reuters had predicted a reading of 51.2, pointing to a modest expansion as industrial firms continued to benefit from higher sales prices and a recovery in demand fueled by a construction boom.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
