China's official manufacturing Purchasing Managers' Index came in at 51.3 in January, according to a statement by the country's National Bureau of Statistics on Sunday.
In comparison, the reading for December was 51.9 and remained above the 50-level, which indicates growth. PMI readings below that level signal contraction. Analysts in a Reuters poll had expected the figure for January to come in at 51.6. Looking ahead, a private survey of Chinese manufacturing activity in January is set to be released, with the Caixin/Markit manufacturing PMI expected to be out around 9:45 a.m. HK/SIN on Monday.
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