Manufacturing Slows Again to Start 2016, with Caixin China PMI at 48.4
(Beijing) – China's manufacturing slowed for the 11th straight month at the start of 2016, as the Caixin Purchasing Managers' Index came in at 48.4 for January.
The figure indicates the contraction was not as severe as that in December, when the PMI stood at 48.2, further away from the neutral 50-point level that separates growth from decline.
Data for the categories used to calculate the index show that both output and employment conditions declined faster in January than in December.
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