China: Manufacturing PMI falls while non-manufacturing PMI rises in December
The National Bureau of Statistics’ Manufacturing Purchasing Managers’ Index (PMI) came in at 49.0 in December, down from November’s 49.4 and below market expectations. December’s result marked the weakest reading since June. Consequently, the index fell further below the 50.0 no-change threshold, signaling a sharper deterioration in manufacturing sector operating conditions compared to the previous month.
The headline print reflected weaker readings regarding output, new orders and employment.
The National Bureau of Statistics’ Non-Manufacturing PMI stood at 50.4 in December, up from November’s 50.2.