China’s manufacturing sector rose slightly in January despite global economic uncertainties, an industry group said on Wednesday.
The Purchasing Managers Index (PMI) of China’s manufacturing sector came in at 50.5 percent last month, up from 50.3 percent a month earlier, according to the China Federation of Logistics and Purchasing (CFLP).
The index has recorded a rise for two consecutive months.
The PMI is an indicator that measures the economic health of a country’s manufacturing sector. A reading of 50 or above represents an expansion of the sector compared to the previous month. A reading lower than 50 represents a contraction while a reading of 50 indicates no change.
Market watchers said the index rise was attributable to improvements in domestic demand and export demand.