The official purchasing managers’ index (PMI) fell to 47.0 last month from 48.0 in November, the National Bureau of Statistics said on Saturday. Economists in a Reuters poll had expected the PMI to come in at 48.0. The 50-point mark separates contraction from growth on a monthly basis. The drop was the biggest since the early days of the pandemic in February 2020. The data offered

Source: Taipei Times January 05, 2023 02:23 UTC