<p><div class="KonaFilter image-container float_right"><div class="image"><img src="http://static4.businessinsider.com/image/52ec10d86da811e64ffd68f9-1200-924/a-steel-worker-cleans-a-pipe-in-china.jpg?maxX=481&amp;maxY=360" border="0" alt="A steel worker cleans a pipe in China" width="481" height="360" /><p class="source"><span>Reuters</span></p><p class="caption">A labourer cleans a steel ladle at Wuhan Iron and Steel Group</p></div><p></p></div>Official Chinese manufacturing PMI for January is out at 8 p.m. ET.</p>
<p>Economists polled by Bloomberg are looking for PMI to fall to 50.5, from 51 in December. </p>
<p>We already saw <a href="http://www.businessinsider.com/january-hsbc-china-pmi-2014-1">HSBC PMI fall to 49.5</a> in January, suggesting that manufacturing is contracting. This was the first contraction in six months.</p>
<p>The official PMI surveys a larger sample than the HSBC PMI, it also has more exposure to state owned enterprises, while the latter has more exposure to small and medium enterprises.</p>

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Here Comes Chinese PMI...

ReutersA labourer cleans a steel ladle at Wuhan Iron and Steel GroupOfficial Chinese manufacturing PMI for January is out at 8 p.m. ET. Economists polled by Bloomberg are looking for PMI to fall to 50.5, from 51 in December. We already saw HSBC PMI fall to 49.5 in January, suggesting that manufacturing is contracting. This was the first contraction in six months. The official PMI surveys a larger sample than the HSBC PMI, it also has more exposure to state owned enterprises, while the latter has more exposure to small and medium enterprises.

ReutersA labourer cleans a steel ladle at Wuhan Iron and Steel GroupOfficial Chinese manufacturing PMI for January is out at 8 p. m.

Here Comes Chinese PMI...

Mamta Badkar

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