China Factory Slowdown Eases for Now as U.S. Trade Talks Resume
(Bloomberg) — The first official gauge of China’s economy in 2019 showed a slowdown in the manufacturing sector eased off a little in January, though uncertainty over the future of trade with the U.S. remains a headwind.
The official manufacturing purchasing managers index came in at 49.5 in January from 49.4 in December, remaining below the 50 mark that signifies contraction. A gauge of new export orders also improved slightly, while a measure of activity in services and construction showed robust expansion, improving for a second month.
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