The data for the January official ( National Bureau of Statistics (NBS)) PMIs is here:
- China official manufacturing PMI for January: 49.5 (vs. expected at 49.3)
- China non-manufacturing PMI (January): 54.7 (expected 53.8)
Reuters have an excellent recap/summary up, highlights:
- Activity in China's manufacturing sector shrank for the second straight month in January
- pointing to further strains on the economy that could heighten risks to global growth
- Anxiety about cooling demand in China is rippling through the world's financial markets and weighing on other Asian economies after a string of sales warnings from heavy machinery producer Caterpillar to iPhone maker Apple.
- Even with increasing government efforts to spur activity, concerns are growing that China may be at risk of a sharper-than-expected slowdown if the trade war with the United States drags on.
There is more, I'll dig up a link... here we go, link
On a brighter note, they finish with:
- an acceleration in service sector activity for the second straight month, reflecting some pockets of strength in the economy despite worries about faltering consumer demand
