CHINA FACTORY ACTIVITY ACCELERATED IN DEC – CAIXIN
CHINESE factory activity accelerated in December, according to independent data released Tuesday, a positive indicator for the world’s second-largest economy to kick off the new year.
The Caixin Purchasing Managers Index (PMI) -- an indicator of conditions at small manufacturers -- rose to 51.5 in December, up from 50.8 in November and the highest reading since August.
for December was released on Sun- day by China’s National Bureau of Statistics and showed a slight deceleration from November, although it largely maintained momentum.
growth while anything below points to contraction.
Caixin’s index focuses on eco- nomic activity at small and me resilient global demand for many
China’s exports saw solid of last year.
“Manufacturing production continued to increase across China at the end of 2017” Caixin said in a statement with data compiler IHS Markit.
“Manufacturing operating conditions improved in December, reinforcing the notion that economic growth has stabilised in 2017 and has even performed better than expected” Caixin analyst Zhengsheng Zhong wrote.
“We should not underestimate downward pressure on growth next year due to tightening monetary policy and strengthening oversight
satisfy some new orders and cut - ished goods.