China’s Official PMI Edges Down To 49.4 In January

China’s official manufacturing purchasing managers index (PMI), the bellwether of large industrial firms, fell 0.3 percentage points to 49.4 in January, below market expectations and compared with 49.7 in December. This is the sixth consecutive month that the PMI stayed below 50, pointing to further contraction in the manufacturing sector. The official PMI’s output sub-index […]

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Read the original article: China Money Network