Man­u­fac­tur­ing ac­tiv­ity in China falls

The Pak Banker - - I Nternational -

BEI­JING: Man­u­fac­tur­ing ac­tiv­ity in China fell to a three­month low in De­cem­ber but soar­ing raw ma­te­rial costs con­tin­ued to fan in­fla­tion­ary pres­sures in the econ­omy, an in­de­pen­dent sur­vey said Thurs­day. The HSBC China Man­u­fac­tur­ing PMI, or pur­chas­ing man­agers' in­dex, slipped to 54.4 in De­cem­ber from 55.3 in Novem­ber as out­put and new busi­ness in­creased at the slow­est pace in three months. -Afp

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