Manufacturing in China at a three-year low
Manufacturing activity in China reported the fastest contraction rate in more than three years in January. China's manufacturing Purchasing Managers' Index (PMI) fell to 49.4 in January, the lowest since 49.2 in August 2012. This is the sixth consecutive month the index showed contraction, the longest such streak on record. The 50-mark on the PMI scale demarcates expansion from contraction.