LOGO
LOGO

Asian Economic News

China HSBC Manufacturing PMI Dips Into Contraction

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

An index measuring manufacturing activity in China came in with a score of 49.6 in January, the latest survey from HSBC and Markit Economics revealed on Thursday - hitting a six-month low.

That was shy of forecasts for a score of 50.4 and down from the 50.5 reading in December.

A reading above 50 suggests expansion in a sector, while a score below 50 means contraction.

The manufacturing output index came in at 51.3 in January - easing from 51.4 in December to a three-month low.

"The marginal contraction of January's headline HSBC Flash China Manufacturing PMI was mainly dragged by cooling domestic demand conditions. This implies softening growth momentum for manufacturing sectors, which has already weighed on employment growth," said Hongbin Qu, Chief Economist, China and Co- Head of Asian Economic Research at HSBC.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Global Economics Weekly Update -May 18 – May 22, 2026

May 22, 2026 14:46 ET
Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.

Latest Updates on COVID-19