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China s factory activity expands slower in Jan, recovery still strong
The official manufacturing Purchasing Manager s Index (PMI) fell to 51.3 in January from 51.9 in December
Reuters | January 31, 2021 | Updated 08:27 IST
Representational Image (Photo-Reuters)
China s factory activity expanded at a slower pace in January, but still in line with the strong recovery from the coronavirus slump seen in the world s second-largest economy.
The official manufacturing Purchasing Manager s Index (PMI) fell to 51.3 in January from 51.9 in December, data from the national Bureau of Statistics (NBS) showed on Sunday, remaining above the 50-point mark that separates growth from contraction.
Analysts had expected it to drop to 51.6.