China’s January PMI is out and remains in contraction:
In January 2019 , the China Manufacturing Purchasing Managers Index ( PMI ) was 49.5% , up 0.1 percentage points from the previous month .
In terms of enterprise scale, the PMI of large enterprises was 51.3% , up 1.2 percentage points from the previous month and continued to be above the critical point; the PMI of small and medium-sized enterprises was 47.2% and 47.3% , respectively, down 1.2 and 1.3 percentage points from the previous month . Below the critical point.