HSBC China Manufacturing PMI Rose In January

The index was reported at 57.4, up from 56.1 in the previous month.

Hongbin Qu, Chief Economist for China at HSBC said:

Industrial activity continues to accelerate, implying stronger GDP growth in 1Q. But rising input and output prices also point to greater inflationary pressure, which will likely prompt more tightening measures in the coming months.

Chart 1. HSBC China Manufacturing PMI

Source: Markit

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