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MNI BRIEF: Caixin December Manufacturing PMI Slows To 50.5

The Caixin PMI holds on to expansionary zone in December.
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MNI (BEIJING)

China's Caixin manufacturing PMI came in at 50.5 in December, down from November's 51.5, staying in the expansionary zone above the 50 mark for the third straight month, the financial publisher said on Wednesday.

The production and new orders sub-indices both fell to three-month lows, while external demand failed to continue to pick up amid sluggish global economy and poor trade outlook. The new export order sub-index returned to the contraction range, led by the decline in intermediate goods.

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MNI (BEIJING)

China's Caixin manufacturing PMI came in at 50.5 in December, down from November's 51.5, staying in the expansionary zone above the 50 mark for the third straight month, the financial publisher said on Wednesday.

The production and new orders sub-indices both fell to three-month lows, while external demand failed to continue to pick up amid sluggish global economy and poor trade outlook. The new export order sub-index returned to the contraction range, led by the decline in intermediate goods.

Keep reading...Show less