Poland Purchasing Manager Index: 50.9 (January) vs previous 52.1

China’s economy has had a slow start to 2016. The official PMI for January came at 49.4, lower than December’s reading of 49.7 and below the forecast figure of 49.6. Manufacturing activity contracted at its fastest pace since August 2012. Offical non-manufacturing PMI released todat also showed a drop in China's services sector activity in January. Non-manufacturing PMI in January dropped to 53.5 from 54.4. The PMI figures once again have indicated the slowing of the world’s second largest economy and has raised the need for additional stimulus.