China January official factory PMI dips to 51.3, below forecasts

By Kitco News / January 30, 2018 / www.kitco.com / Article Link

BEIJING, Jan 31 (Reuters) - Growth in China's manufacturing sector slowed more than expected in January in the face of a cooling property market and tighter pollution rules that have curtailed factory output.

The official Purchasing Managers' Index (PMI) released on Wednesday dipped to 51.3 in January, from 51.6 in December. But it remained comfortably above the 50-point mark that separates growth from contraction on a monthly basis.

Analysts surveyed by Reuters had forecast the reading would ease marginally to 51.5.

Boosted by government infrastructure spending, a resilient property market and unexpected strength in exports, China's manufacturing and industrial firms helped the economy post better-than-expected growth of 6.9 percent in 2017, its first annual acceleration in six years.

The data gives global investors their first look at business conditions in China at the start of 2018, with the government's war on winter smog and a continued crackdown on riskier types of financing adding to uncertainty amid early signs of a slowdown in the world's second-largest economy.


(Reporting by Stella Qiu and Beijing Monitoring Desk; Editing by Kim Coghill)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Recent News

Gold stocks lead the large cap miners by far over H1/25

July 07, 2025 / www.canadianminingreport.com

Gold stocks up as the metal price and equities gain

July 07, 2025 / www.canadianminingreport.com

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok