Caixin manufacturing PMI declines in China

Manufacturing PMI prepared by Caixin Global in China revealed that the relaxation of Kovis-19 measures eased the pressure on China’s manufacturing sector in January.

Manufacturing activity fell more slowly in January.

The Caixin/S&P Global manufacturing division purchasing managers index (PMI) rebounded from 49.0 in December to 49.2 in January. Despite the recovery, manufacturing PMI remains at 50 for 6 months. underindicates contraction.

In his assessment, Caixin emphasized that the relative improvement in the manufacturing PMI in January was partly due to the slower decline in production volumes, and that the decline in production was the softest in the last 5 months. But the companies noted that claims rules continued to be relatively suppressed.