China official PMIs for January: Manufacturing 50.0 (expected 50.0) Services 54.1 (53.0)

The response to these will be - "Just wait until the next one, it'll be much worse".

Difficult to fault that response really. This will impact ahead, for example:

• Coronavirus - A province in China has requested firms stay on holiday until February 10

Since posting that another province has followed suite, officials in Heilongjian want firms to stay on holiday until February 10 also.

Anyway:

• Manufacturing comes in at 50 vs. expected 50.0, prior 50.2
• Non-manufacturing comes in at 54.1 vs. expected 53.0, prior 53.5
• Composite comes in at 53.0 vs. prior 53.4