China: Manufacturing deteriorates in December

The Purchasing Managers Index (PMI) fell from 51.4 points in November to 51.0 points in December, according to the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP), which publish the index. As a result, December’s PMI was the lowest reading in four months and undershot market expectations of a lesser decrease to 51.2 points. Nevertheless, the PMI remains above the 50-point threshold that separates expansion from contraction in the manufacturing sector.

Read more about Chinese PMI.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s