Wednesday, 02 Feb 2011
Xinhua quoted the China Federation of Logistics and Purchasing said China manufacturing sector purchasing managers index fell to a five month low of 52.9% in January compared with 53.9% in December.
The January figure means the benchmark index for economic expansion has kept above the boom and bust line of 50% for 23 consecutive months.
Analysts said authorities' moves to cool prices prompted the decline.
Mr Liu Tiejun Haitong Securities analyst attributed the decline to the government tightening measures and the seasonal effect of the Spring Festival or the Chinese Lunar New Year which falls on Thursday.
The PMI is a package of indexes that measure the performance of the country's manufacturing sector.Tag:benchmark index, manufacturing sector, purchase managers index (sourced from Xinhua)
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