December 31, 2024 02:37 GMT
MNI BRIEF: China December PMI Edges Down To 50.1
China has published its latest PMI results.
China's Manufacturing Purchasing Managers Index fell by 0.2 points to 50.1 in December, though staying above the 50 mark for the third month, data from the National Bureau of Statistics showed Tuesday.
The production sub-index fell by 0.3 points to 52.1, while the new orders sub-index rose by 0.2 points to 51.0.
Non-manufacturing PMI registered 52.2, up 2.2 points from the previous month. The business activity sub-index in the service sector rose by 1.9 points to 52.0, the highest level since April. While that in the construction sector increased by 3.5 points to 53.2, back to the expansion range as companies accelerate construction work before the Chinese New Year in January.
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