Mon. Jun 21st, 2021
(Photo Courtesy: http://www.theguardian.com)

The new outbreaks of domestic coronavirus disease 2019 (Covid-19) cases in China has started to affect the operations of some businesses in January.

The purchasing managers’ index, or PMI, for China’s manufacturing sector fell to 51.3 in January, down 0.6 percentage points from December, according to data from the the country’s National Bureau of Statistics (NBS) on Sunday.

Readings above 50 indicate expansion of the manufacturing industry, while a reading below it reflects a contraction.

China has seen new virus clusters across the country, particularly in the north, and restrictions have been tightened to curb the spread.

NBS senior statistician Zhao Qinghe said that locally transmitted coronavirus cases had affected the operations of certain industries, and that January is typically an off-season for factories due to the Lunar New Year holidays.

Separately, the indicators for China’s service industry also dipped in January amid the local outbreaks.

The PMI for China’s non-manufacturing sector came in at 52.4 in January, down from 55.7 in December, according to NBS. SOVEREIGNPH

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