<div id="readability-page-1" class="page"><div><p><span>China’s official NBS Manufacturing PMI fell to 49.3 in January 2026 from 50.1 in the previous month, missing market estimates of 50.</span></p><p><span>The latest result reflected a loss of momentum in factory activity at the start of the year due to subdued demand conditions and cautious business sentiment.</span></p></div></div>

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<p>China’s official NBS Manufacturing PMI fell to 49.3 in January 2026 from 50.1 in the previous month, missing market estimates of 50.The latest result reflected a loss of momentum in factory activity at the start of the year due to subdued demand conditions and cautious business sentiment.</p>

- In January 2026, China's official National Bureau of Statistics reported a manufacturing Purchasing Managers' Index (PMI) of 49.3, down from 50.1 the previous month and below the expected 50.  
- This decline indicates a weakening of factory activity at the beginning of the year due to soft demand and cautious business sentiment.  
- The results suggest ongoing challenges for the manufacturing sector in maintaining momentum.

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China Manufacturing PMI Slips Back Into Contraction