Employees produce clothing for export to foreign markets in Sihong Guoshun Grainment Co., Ltd. in Weiying Town, Sihong County, Suqian City, Jiangsu Province in Eastern China China, 23 January 2025.
Costfoto Nurphoto | Getty images
Fabryczna in China in January unexpectedly concluded a contract, withdrawing expansive shoot over the past three months, partly due to the slow season before the lunar New Year.
The official shopping manager index for January appeared on 49.1, Data published by the National Bureau of Statistics He showed on Monday.
Reading did not meet the estimates of the Reutersa survey of 50.1. PMI appeared in December at 50.1, while in November it was 50.3. PMI reading above threshold 50 indicates an extension of activity, and one below, which means contraction.
Production PMI in January is softer, because migrant employees return to their home cities before the Chinese New Year, which will fall on January 29, said Hui Shan, China China's chief economist at Goldman Sachs.
Chinese non-production PMI, which measures construction services and activities, fell to 50.2 in January, compared to 52.2 in the previous month.
Chinese industrial profits separately jumped by 11% in December from a year earlier. Corporate profits recover after a violent 27% immersion in year to year in September-the strongest decrease from March 2020 during the Covid-19 pandemic. They shot by 7.3% in the year in November and 10% in October, because the decline in the real estate sector and the perspective of the gloom of income were still burdened with consumer demand.
Industrial profits are a key indicator of the financial health of factories, media and mines in China.
The entire annual industrial profits in 2024 fell by 3.3% compared to the previous year, compared to 4.7% inheritance from year to year during the first 11 months last year.
The second largest economy in the world I met an official annual growth goal last yearexpanding by 5.0%, as the stimulus agent increases. Economists pointed to The increase in industrial production is ahead of retail salesEmphasizing the strength on the side of the country's supply, while domestic demand remained weak.
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