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China January official PMI: Manufacturing 50.1 (expected 49.8) Services 54.4 (expect 52.0)

Started by forex4you, Jan 31, 2023, 10:31 am

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China January official PMI: Manufacturing 50.1 (expected 49.8) Services 54.4 (expect 52.0)

<p>China January official PMIs jump in the first full month of reopening. Great bounce for Services, manufacturing back into expansion. China is back. Have no doubt. </p><p> Manufacturing 50.1, best since September 2022 </p><ul><li>expected 49.8, prior 47.0</li></ul><p>Services 54.4</p><ul><li>expected 52.0, prior 41.6</li></ul><p>Composite 52.9</p><ul><li>prior 42.6</li></ul><p>Also out were the Industrial profits data:</p><ul><li>2022 Industrial profits -4.0% y/y (prior -3.6%)</li></ul>

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: China January official PMI: Manufacturing 50.1 (expected 49.8) Services 54.4 (expect 52.0)

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