China National Bureau of Statistics (NBS) data January PMIs
Manufacturing
Non manufacturing
prior 52.2Composite
prior 52.2---
Background to this is that from July to December 2024 (ie H2 2024), China's manufacturing sector experienced fluctuations, moving from contraction to modest expansion, while the non-manufacturing sector showed a similar pattern, culminating in a significant rebound in December.
Manufacturing PMI:
July 2024: The manufacturing PMI stood at 49.4, a slight decrease of 0.1 from June, indicating a marginal contraction in manufacturing activity.
August 2024: The index declined further to 49.1, suggesting a continued contraction in the manufacturing sector.
September 2024: The PMI improved to 49.8, approaching the expansion threshold but still indicating a slight contraction.
October 2024: The index reached 50.1, crossing into expansion territory, reflecting a modest recovery in manufacturing activity.
November 2024: The PMI increased to 50.3, marking the highest reading since April and indicating a continued expansion in the manufacturing sector.
December 2024: The index slightly decreased to 50.1%, maintaining its position above the threshold, thus indicating ongoing, albeit modest, expansion.
Non-Manufacturing PMI:
July 2024: The non-manufacturing PMI was at 50.2, a decrease of 0.3 from June, indicating marginal expansion in the non-manufacturing sector.
August 2024: The index declined to 49.6, signaling a contraction in non-manufacturing activities.
September 2024: The PMI rebounded to 50.9, returning to expansion territory.
October 2024: The index decreased to 50.6, indicating a slower pace of expansion.
November 2024: The PMI further declined to 50.0, suggesting stagnation in non-manufacturing activities.
December 2024: The index rose to 52.2, reflecting a notable recovery and expansion in the non-manufacturing sector.
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about china official pmi data for january 2025 manufacturing 49 1 expected 50 1 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( China official PMI data for January 2025: Manufacturing 49.1 (expected 50.1) )
Also on site :
- Vue Cinema Chain Halts Liquidation Threat From Coca-Cola Bottling Giant After Settling Unpaid Bill
- 'Dancing With the Stars' Tour Forced to Reschedule Show Due to Impending Snowstorm
- ‘90s Rocker Announces Book Tour in Support of ‘Refreshingly Pure of Heart’ Memoir