China’s Purchasing Managers Index (PMI) rose from 50.1 in November to 50.3 in December, according to the country’s National Bureau of Statistics (NBS). The result contradicted analysts’ expectations of a fall, who had predicted a drop to 50.0. The 50 point mark separates expansion from contraction.
The Chinese services PMI also rose, from 52.3 in November to 52.7 in December. Source: Dow Jones Newswires.
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