Global EditionASIA 中文双语Français
Home / Business / Macro

China factory activity rebounds in January

By Ouyang Shijia | | Updated: 2023-01-31 09:30
Share - WeChat
A heavy truck is assembled on the assembly line of the heavy truck capacity expansion project at the Shaanxi Automobile Holding Group in Xi'an, Northwest China's Shaanxi Province, Sept 27, 2022. [Photo/Xinhua]

China's factory activity expanded in January for the first time in four months, as both supply and demand improved with the gradual resumption of life and production order, the National Bureau of Statistics showed on Tuesday.

The official purchasing managers index for China's manufacturing sector bounced back to 50.1 in January after reaching 47 in December, the highest since September, NBS data showed, and above the 50-point mark that separates growth from contraction.

Zhao Qinghe, a senior statistician with the NBS, attributed the improvement in China's vast manufacturing sector to the gradual normalcy of production and life order and the implementation of a new COVID-19 response.

Total new orders bounced back to expansionary territory with the sub-index rising to 50.9 in January, the highest level seen since July 202l. Also, the sub-index for production came in at 49.8 in January versus 44.6 a month earlier, according to the NBS.

China's non-manufacturing PMI came in at 54.4 in January after 41.6 in December. Also, the country's official composite PMI, which includes both manufacturing and services activities, came in at 52.9 compared with 42.6 in December, according to the NBS.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349