China's National Bureau of Statistics (NBS) reported that the Manufacturing Purchasing Managers' Index (PMI) for January was 49.2, up from 49.0 in December. The Non-Manufacturing PMI also increased to 50.7 from 50.4. The Composite PMI was 50.9, showing an improvement. This data indicates a mixed picture of China's economy, with the manufacturing sector still in contraction but the non-manufacturing sector expanding. In contrast, a private gauge showed a third consecutive month of expansion in China's factory activity, suggesting a divergence with the official data and indicating the need for government support.
Caixin survey shows China's factory activity expanded for a third month in January, extending divergence with official data https://t.co/9gDz5duPC3
A private gauge of Chinaβs factory activity expanded for a third month in January, contrasting with weakness in official data that has spurred additional calls for government support https://t.co/WdLOGl2c2r
A private gauge of Chinaβs factory activity expanded for a third month in January, contrasting with weakness in official data that has spurred additional calls for government support https://t.co/L6H5iCNcMv
Activity in Chinaβs manufacturing sector continued to grow in January with a further recovery in demand, a Caixin-sponsored #PMI survey showed Thursday. This marks the first time since May 2021 that the industry has expanded for three months straight. https://t.co/hlAkuhDJXV
π΄ IRELAND S&P GLOBAL JANUARY MANUFACTURING PMI AT 49.5: UP FROM DECEMBER'S 48.9
South Korean S&P Global Manufacturing #PMI Jan: 51.2 (prev 49.9) https://t.co/1AY6qfa7hs https://t.co/89x7n4jpzO
π°π· S&P Global Manufacturing PMI (Jan) Actual: 51.2 Previous: 49.9 https://t.co/DIXBcMKLGR
π°π· South Korea S&P Global South Korea Manufacturing PMI (Jan) $KRW Actual: 51.2 Previous: 49.9
Heads Up:π°π· S&P Global Manufacturing PMI (Jan) due at 00:30 GMT (15min) Previous: 49.9 https://t.co/DIXBcMKLGR
π¦πΊ Australia Judo Bank Australia Manufacturing PMI $AUD Actual: 50.1 π΄ Expected: 50.3 Previous: 47.6
π¦πΊ Judo Bank Manufacturing PMI Final (Jan) Actual: 50.1 Previous: 47.6 https://t.co/5pz2JbqylP
Heads Up:π¦πΊ Judo Bank Manufacturing PMI Final (Jan) due at 22:00 GMT (15min) Previous: 47.6 https://t.co/5pz2JbqylP
Chinaβs factory activity contracted again in January as a tepid improvement in foreign demand failed to outweigh the drag from poor domestic sentiment. https://t.co/8V1dsuvQXw
Chinese factory activity remained in contraction for a fourth straight month, the latest sign that the countryβs economy is struggling to regain momentum, adding to pressure on policymakers to boost demand. @yifanxie @ByXiaoXiao https://t.co/baqKrvLwm8 https://t.co/baqKrvLwm8
β οΈ CHINA'S FACTORY ACTIVITY SHRINKS AGAIN IN JAN, DEMAND STILL WEAK Full Story β https://t.co/GO5P39ny0Q
China's manufacturing #PMI stood at 49.2 in January, up from 49 in December 2023, while the PMI for the non-manufacturing sector came in at 50.7 in January, up from 50.4 last December: National Bureau of Statistics, Wednesday https://t.co/VFO6m09659
#China's non-manufacturing activities expanded at faster pace in Jan, with official non-manufacturing PMI at 50.7, vs prev 50.4 https://t.co/haGgRmRP6L https://t.co/l7bgDtZCiH https://t.co/uIQQIw9GGT
π΄ CHINA'S JANUARY OFFICIAL COMPOSITE PMI: 50.9
β‘JUST IN #China January official #PMI Manufacturing PMI 49.2 [Est.49.1 Prev.49.0] Non-Manufacturing PMI 50.7 [Est.50.6 Prev.50.4] Composite PMI 50.9 [Prev.50.3] #manufacturing #EconTwitter π¨π³ https://t.co/JbzLJwqRpM
π΄ CHINESE COMPOSITE PMI ACTUAL 50.9 (FORECAST -, PREVIOUS 50.3) $MACRO
China Manufacturing PMI UP TO 49.2 FROM 49.0 China Non-manufacturing PMI UP TO 50.7 FROM 50.4
π΄ β οΈ BREAKING: CHINESE NBS MANUFACTURING PMI ACTUAL 49.2 (FORECAST 49.3, PREVIOUS 49.0) $MACRO
π¨π³ NBS Non Manufacturing PMI (Jan) Actual: 50.7 Expected: 50.6 Previous: 50.4 https://t.co/5pz2JbqylP
π¨π³ NBS Manufacturing PMI (Jan) Actual: 49.2 Expected: 49.2 Previous: 49.0 https://t.co/5pz2JbqylP
Heads Up:π¨π³ NBS Non Manufacturing PMI (Jan) due at 01:30 GMT (15min) Expected: 50.6 Previous: 50.4 https://t.co/5pz2JbqylP
Heads Up:π¨π³ NBS Manufacturing PMI (Jan) due at 01:30 GMT (15min) Expected: 49.2 Previous: 49.0 https://t.co/5pz2JbqylP