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MNI BRIEF: Caixin Dec Manufacturing PMI Hits Four-Month High

MNI (Singapore)
MNI (Beijing)

China's Caixin manufacturing PMI rose slightly by 0.1 points to register 50.8 in December from November, staying in the expansionary zone above the breakeven 50 mark for the second month and hitting a four-month high, the financial publisher said Tuesday.

The production and new orders sub-index accelerated slightly, reaching the highest levels since June and March 2023. External demand improved marginally, with the new export orders sub-index rebounding in the contraction range to hit a six-month high.

Caixin's PMI mainly tracks small and medium-sized manufacturers. The official PMI, which was released on Sunday, typically covers large state-owned companies and fell by 0.4 points to 49.0 in December.

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