China official PMI information for January 2025: Manufacturing 49.1 (anticipated 50.1)

China Nationwide Bureau of Statistics (NBS) information January PMIs

Manufacturing

• anticipated 50.1, prior 50.1

Non manufacturing

• prior 52.2

Composite

• prior 52.2

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Background to that is that from July to December 2024 (ie H2 2024), China’s manufacturing sector skilled fluctuations, transferring from contraction to modest growth, whereas the non-manufacturing sector confirmed the same sample, culminating in a big rebound in December.

Manufacturing PMI:

• July 2024: The manufacturing PMI stood at 49.four, a slight lower of zero.1 from June, indicating a marginal contraction in manufacturing exercise.

• August 2024: The index declined additional to 49.1, suggesting a continued contraction within the manufacturing sector.

• September 2024: The PMI improved to 49.eight, approaching the growth threshold however nonetheless indicating a slight contraction.

• October 2024: The index reached 50.1, crossing into growth territory, reflecting a modest restoration in manufacturing exercise.

• November 2024: The PMI elevated to 50.three, marking the best studying since April and indicating a continued growth within the manufacturing sector.

• December 2024: The index barely decreased to 50.1%, sustaining its place above the brink, thus indicating ongoing, albeit modest, growth.

Non-Manufacturing PMI:

• July 2024: The non-manufacturing PMI was at 50.2, a lower of zero.three from June, indicating marginal growth within the non-manufacturing sector.

• August 2024: The index declined to 49.6, signaling a contraction in non-manufacturing actions.

• September 2024: The PMI rebounded to 50.9, returning to growth territory.

• October 2024: The index decreased to 50.6, indicating a slower tempo of growth.

• November 2024: The PMI additional declined to 50.zero, suggesting stagnation in non-manufacturing actions.

• December 2024: The index rose to 52.2, reflecting a notable restoration and growth within the non-manufacturing sector.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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