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29 Jan 2020
China's factory activity to stall in January as coronavirus adds to risks - Reuters poll
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.
- China coronavirus could hit Beijing’s ability to meet US trade war deal import demands – SCMP
- Hubei confirms 840 new cases of coronavirus and 25 more deaths reported - CCTV