BEIJING, January 27, 2025 - China's manufacturing sector experienced a contraction in January, as indicated by the official purchasing managers' index (PMI) which dropped to 49.1. This figure is down from 50.1 in December, falling below the crucial 50-mark that signifies the divide between growth and contraction.
The decline in manufacturing activity missed the median forecast of 50.1 from a Reuters poll, suggesting underlying weaknesses in the sector.