Economics

China's Factory Gauge Slipped in January on Debt Cleanup, Yuan

A gauge of new export orders dropped the most since 2012
Non-manufacturing index rose to the highest since September

China releases its January PMI data. Bloomberg’s Haidi Lun reports.(Source: Bloomberg)

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By Bloomberg News

January 31, 2018 at 12:57 AM UTC

Updated on

January 31, 2018 at 5:15 AM UTC

This article is for subscribers only.

China’s official factory gauge missed estimates, falling to an eight-month low in January as a financial cleanup moderated output at home and a stronger yuan trimmed export demand.

A new composite index covering both services and manufacturing was released for the first time; it stood at 54.6, the National Bureau of Statistics said Wednesday.