National Bureau of Statistics: In January, the Manufacturing Purchasing Managers' Index (PMI) was 49.3%, a decrease of 0.8 percentage points from the previous month, indicating a decline in the manufacturing sector's prosperity level
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The data released by the National Bureau of Statistics shows that the manufacturing Purchasing Managers' Index (PMI) for January is 49.3%, a decrease of 0.8 percentage points from the previous month, indicating a decline in the manufacturing sector's prosperity level. Meanwhile, the non-manufacturing business activity index is 49.4%, also down 0.8 percentage points, and the composite PMI output index is 49.8%, a decrease of 0.9 percentage points, indicating an overall slowdown in business production and operations
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