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China's Jan Official PMI Slips to 50.5, as Expected

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February 1, 2014 3:02 PM EST

Growth in China's factory sector slowed a tick in January, a government survey showed, reinforcing investor views that the Chinese economy started the year on a softer note as activity cooled.


A man sits in front of the headquarters of the People's Bank of China. (Reuters)

The official Purchasing Managers' Index edged down to 50.5 in January from December's 51, the National Bureau of Statistics said on Saturday, but right in line with market expectations.

(Photo: / )
A man sits in front of the headquarters of the People's Bank of China. (Reuters)
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