China Final HSBC PMI at 49.7 in January

China’s manufacturing sector remained in a poor state in January, a private survey showed on Monday, amid increasing speculation that policymakers will intervene with fresh measures to spur the economy.

The final HSBC Purchasing Managers’ Index (PMI) fell 49.7, a touch below its 49.8 flash reading, and after dipping to 49.6 in December. A reading below 50 indicates contraction.

The data comes a day after the government’s official PMI for January also dipped into contractionary territory for the first time in two and the half years, coming in at 49.8 and surprising market watchers who were expecting expansion.


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