(Finance) – The Chinese manufacturing sector confirms its expansion. In January, thePMI index, compiled by Caixin/S&P Globalstood at 50.8 points, remaining unchanged compared to the December survey.
It is a unexpected data and better than analysts who expected a slight decline to 50.6 points.
The data is therefore confirmed as being in the expansion phase, as it is higher than a value of 50 points, the dividing line between the contraction phase (values below) and the expansion phase (values above).
(Photo: Yinan Chen)