China PMI down a tad in January, but the worst is yet to come
Analysts warn that the month's data does not factor in the full impact of the coronavirus outbreak
Beijing
CHINA'S manufacturing sector stabilised, with the Purchasing Managers' Index (PMI) coming in at 50.0 for the month of January, but analysts warned that the data must be taken with a pinch of salt as the statistics do not reflect the full effect of the novel coronavirus.
The "50" reading for January was down slightly from 50.2 in December 2019, said the National Bureau of Statistics (NBS) on Friday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
German manufacturing downturn eases in April, PMI survey shows
India RBI's FX intervention eases as conditions turn favourable for rupee
Swiss inflation accelerates faster than expected in April
OECD upgrades global growth outlook as US outperforms
US official urges China, Russia to declare only humans, not AI, control nuclear weapons
Banking giants race to Riyadh as MBS steps up pressure campaign