PMI shows weaker growth in De­cem­ber

China Daily (Canada) - - NEWSCAPSULE -

China’s man­u­fac­tur­ing sec­tor will likely see the slow­est ex­pan­sion in three months in De­cem­ber be­cause of lower out­put growth, HSBC Hold­ings Plc said.

A pre­lim­i­nary read­ing of the Pur­chas­ing Man­agers’ In­dex for the man­u­fac­tur­ing in­dus­try edged down to 50.5 in De­cem­ber from 50.8 in Novem­ber, the low­est level since Oc­to­ber.

The pro­duc­tion out­put subindex slipped to 51.8 in De­cem­ber from 52.2 in Novem­ber, pres­sur­ing the in­dex.

Mean­while, the new or­ders sub-in­dex hit a nine-month high of 51.8 in De­cem­ber, com­pared with 51.7 in Novem­ber, while the new ex­port or­ders sub-in­dex rose to 50.3 from 50.2 last month, sug­gest­ing sta­ble mar­ket de­mand.

A read­ing above 50 in­di­cates ex­pan­sion, while one be­low that level sig­nals con­trac­tion. (Photo 4)

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