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A private gauge of China’s manufacturing activity improved in January but remained in contractionary territory for the sixth straight month.
The purchasing managers index rose to 49.2 in January from 49.0 in December, according to data released Wednesday by Caixin Media Co. and S&P Global. The 50-mark separates expansion from contraction.
Compared with the competing official gauge, the Caixin PMI, which tracks more small and private manufacturers in China, showed less of an improvement in activity last month.
The official manufacturing PMI rose to 50.1 in January from 47.0 in December, ending three months of contraction, according to data released by the National Bureau of Statistics on Tuesday.
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