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The Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing released data on the 31st. In January, China's Manufacturing Purchasing Managers Index (PMI) was 51.3%, down 0.6 percentage points from the previous month, and was at a critical point for 11 consecutive months The above shows that the manufacturing industry continues to expand, but the pace has slowed down.
Although the manufacturing PMI declined in January, the decline was not very large and remained at a relatively good level of 51.3%. Market supply and demand were basically stable. The new order index was 52.3%, and the new export order index dropped by 1.1 percentage points from the previous month, staying above 50%. The domestic and foreign market demand continued to rise. On the whole, the economy continued its previous relatively rapid upward trend, and the momentum for positive development remained unchanged, and a good start was achieved in the new year.
Article information source-People's Daily Overseas Edition
