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China factory growth at 13-month high in Jan as output accelerates: Caixin

The solid Caixin PMI readings could help reassure international investors that China's economy is still expanding at a healthy clip as it nurtures new drivers of growth

Reuters  |  Beijing 

China's manufacturing sector sustained growth at multi-month highs in January, a private business survey showed on Thursday, as factories continued to raise output to meet new orders, suggesting resilience in the world's second-largest economy. The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) was at 51.5 in January, unchanged from the previous month. Analysts surveyed by Reuters had forecast a drop to 51.3. December's reading was the highest in four months and above the 50-point mark that separates growth from contraction. Growth in factory ...

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First Published: Thu, February 01 2018. 12:15 IST