"China's Factory Activity Contracts for Third Consecutive Month Amid Testing Rigor"
TL;DR
China's official manufacturing Purchasing Managers' Index (PMI) dropped to 49 in December, indicating a contraction in factory activity for the third month in a row. Despite this, non-manufacturing PMI saw a slight increase, and overall business confidence showed signs of improvement. The contraction in manufacturing was attributed to the off-season for some raw materials industries, while non-manufacturing activities expanded, leading to a composite PMI of 50.3, slightly down from November's 50.4.
Topics:businesseconomy##china#economiccontraction#economy#manufacturing#nonmanufacturingexpansion#pmi
- Activity in Chinese factories shrinks in December - Chinadaily.com.cn China Daily
- China Factory Activity Posts Worst Contraction in Six Months Bloomberg
- China's manufacturing PMI falls for third month in a row South China Morning Post
- Us Fda : All Product In Question Went Through Extensive Testing B… Marketscreener.com
- China's Dec Factory Activity Likely Contracted for Third Month: Reuters Poll U.S News & World Report Money
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