China's factory activity to stall in January as coronavirus adds to risks - Reuters poll

Dhwani Mehta FXStreet

According to the median forecasts of 29 economists, surveyed by Reuters, China’s manufacturing sector is likely to see a pause in expansion this month amid the China coronavirus outbreak.

Key Findings:

The official Purchasing Managers’ Index (PMI) for January is expected to fall to a neutral 50.0 from 50.2 in December. The 50-mark separates expansion from contraction on a monthly basis.

The timing of the long Lunar New Year holiday, which began on Jan. 25 this year, had already been expected to dampen factory activity to some extent after a stronger-than-expected showing in December.

The data is expected to be released on Friday.

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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