China’s Factory Recovery Slows In Jan Ss COVID-19 Returns

BEIJING (Reuters) – China’s factory activity grew at the slowest pace in five months in January, hit by a wave of domestic coronavirus infections, but still in line with the ongoing recovery in the world’s second-largest economy.

The official manufacturing Purchasing Manager’s Index (PMI) fell to 51.3 in January from 51.9 in December, the National Bureau of Statistics said in a statement on Sunday.

It remained above the 50-point mark that separates growth from contraction on a monthly basis, but was below the 51.6 expected in a Reuters poll of analyst forecasts. Read more…..


Chart of the Day

Icarus TV

Johnson & Johnson says their COVID-19 vaccine, which only requires one shot rather than two, is 72% effective at preventing COVID-19 in the United States and 85% effective against severe symptoms.

Share This Post

Leave a Reply