This is the private manufacturing PMI survey for January, the Caixin PMI, in at 48.4

  • expected 48.1, prior was 48.2

That's a bit better.

More:

  • Contraction for an 11th consecutive month
  • Just not quite to quickly as expected not previously
  • Caixin PMI new orders sub-index rose to 48.5, highest reading in a seven months

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The Caixin survey focuses smaller and medium-sized private firms (compared with the official survey we had earlier)

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The official manufacturing and services PMIs came out earlier than expected ... oh, and worse than expected and comared with prior readings too.

  • China January Services PMI 53.5 (December 54.4)
  • China manufacturing PMI for January 49.4

There's a new range of Barbies available ... is this one of them?