- China's official manufacturing PMI fell to a six-month low in January, dropping to an expected 50.5 from 51 in December.
- The reading adds to other data that indicate slowing growth in China, although at least the latest figure shows expansion - HSBC's PMI gauge dropped below 50 to 49.5 and indicated contraction.
- The official readings for output and new orders fell, although they still showed growth, while jobs and export orders shrank at a faster pace.
- However, part of the decline last month was attributed to the approach of the Lunar New Year, due to production slowing down as people traveled home for the week-long holiday.
- Because of the festival, Chinese markets won't be able to react for a number of days.
Chinese official manufacturing survey drops
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