China’s Jan non-manufacturing exercise development slows

BEIJING (Reuters) – China’s January non-manufacturing exercise grew however at a slower tempo than in December, an official survey confirmed on Monday, suggesting policymakers must introduce much more stimulus measures to prop up depressed home demand.

The official non-manufacturing buying managers’ index (PMI), which incorporates companies and building, fell to 50.2 from 52.2 in December, in keeping with the Nationwide Bureau of Statistics (NBS). The 50-point mark separates enlargement from contraction in exercise on a month-to-month foundation.

The NBS composite PMI, which incorporates manufacturing and companies, got here in at 50.1 in January, versus 52.2 in December.

(This story has been corrected to make clear that the non-manufacturing exercise grew, not fell, within the headline and paragraph 1)