FILE PHOTO: A employee carrying a face masks works on a manufacturing line manufacturing bicycle metal rim at a manufacturing unit, because the nation is hit by the novel coronavirus outbreak, in Hangzhou, Zhejiang province, China March 2, 2020. China Each day by way of REUTERSReuters
BEIJING (Reuters) – Exercise in China’s companies sector expanded at a slower tempo in January, official information confirmed on Sunday, weighed by a flare-up in new coronavirus outbreaks.
The official non-manufacturing Buying Managers’ Index (PMI) slipped to 52.4 from 55.7 in December, information from the Nationwide Bureau of Statistics (NBS) confirmed. The 50-point mark separates development from contraction on a month-to-month foundation.
Although slower than manufacturing, China’s companies sector, which incorporates many smaller and privately owned corporations, has gained stable development because of sturdy demand.
The official January composite PMI, which incorporates each manufacturing and companies exercise, fell to 52.8 from December’s 55.1.
(Reporting by Ryan Woo, Tina Qiao and Colin Qian; Modifying by Sam Holmes)
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