Chinese manufacturing growth eases in January - Caixin
By Michele Maatouk
Date: Monday 03 Feb 2025
(Sharecast News) - Growth in China's manufacturing sector slowed in January, according to a survey released on Monday.
The Caixin manufacturing purchasing managers' index fell to a four-month low of 50.1 from 50.5 in December, coming in below expectations for it to remain unchanged.
A reading above 50.0 indicates expansion, while a reading below signals contraction.
Wang Zhe, an economist at Caixin Insight Group, said: "Growth in the manufacturing sector, although limited, continued for the fourth straight month. Supply and demand continued to expand. Some downstream manufacturers increased inventories amid an improving market."
Zichun Huang, China economist at Capital Economics, said: "The Caixin manufacturing PMI released today adds to evidence that China's economy lost some momentum in January. The breakdown suggests that exporters were downbeat even ahead of Trump's latest tariff announcement.
"But front-loading by US importers means this may not immediately translate into weaker shipments. And last month's domestic slowdown is likely to be temporary, as increased fiscal spending and consumption support measures should provide a near-term boost."
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