China NBS manufacturing PMI rises to 49.5, Non-manufacturing PMI jumps to 54.7

Dhwani Mehta FXStreet

The latest data published by China's National Bureau of Statistic (NBS) on Thursday showed that the manufacturing sector activity in China improved to 49.5 in January, beating the forecast 49.3 and up from the previous month's 49.4 reading.

The Chinese non-manufacturing PMI for the same period improved dramatically, ticking into 54.7 from the previous 53.8 while bettering 53.9 expectations by a big margin.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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