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China's manufacturing PMI drops back into contraction as weak demand drags
EEconomy

China’s manufacturing PMI drops back into contraction as weak demand drags

  • January 31, 2026

Economy

Index slips to 49.3 in January from 50.1 in December

20260131 China Economy

An employee works on a production line manufacturing pipe-fitting valves at a factory in Wenzhou, China, on Jan. 14.  © Reuters

January 31, 2026 12:39 JST

SHENZHEN (Reuters) — China’s factory activity faltered in January as weak domestic demand dragged down production at the start of the new year, an official survey showed on Saturday.

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