National Bureau of Statistics of China and China Federation of Logistics & Purchasing jointly announced that in January 2016, the country's manufacturing PMI dropped 0.3 percentage points monthly to 49.4, lower than the market estimates of 49.6.
The production index was 51.4, down 0.8 percentage points monthly.
The employment index was 47.8%, up 0.4 percentage points monthly.
The supplier delivery time index was 50.5.
(AAStocks Financial News)