皇冠体育app

Economy

Markets

Industries

Insights

Reports

Events

Manufacturing contracts for 4th month in a row

(Xinhua)
Updated: 2009-02-04 10:44

皇冠体育app's manufacturing activity contracted for a fourth straight month in January as the global economic downturn takes a toll on the country's economy.

Related readings:  皇冠体育app to discuss support plans for machinery, textile industries  皇冠体育app unveils support package to auto, steel industries  皇冠体育app's PMI rises to 41.2 pct in Dec.  皇冠体育app manufacturing shrinks for 5th month

But the manufacturing also showed improvement for a second consecutive month following a series of government policies to support the weakening economy.

The Purchasing Managers' Index (PMI) of 皇冠体育app's manufacturing sector rose to 45.3 percent from 41.2 percent in December and a record low of 38.8 percent in November, the 皇冠体育app Federation of Logistics and Purchasing (CFLP) said Wednesday.

A reading above 50 percent suggests expansion, while one below 50 percent indicates contraction.