
China's non-manufacturing PMI inches higher to 56.2
What could be the implication of this 4th consecutive increase?
According to BBVA, China’s January NBS non-manufacturing PMI climbed to 56.2, slightly above the December outturn (56.1) and the 4th straight sequential increase.
The latest reading suggests China’s service sector is stabilizing along with its economic recovery, though the data may be distorted by the timing of the forthcoming Chinese New Year.
"On Friday, the NBS released manufacturing PMI, which disappointed to the downside but remained above 50 (50.4) for a fourth consecutive month," BBVA said.