The HSBC China Manufacturing PMI (purchasing managers index) has been released for December, showing a second month of falls in the manufacturing sector.
Although the measure, seasonally adjusted, rose from 47.7 to 48.7 from November to December, production still decreased (a reading below 50 is a contraction), with the index reading its lowest quarterly average since Q1 2009.
Finished goods stocks increased for the first time since in 17 months, and reduced input costs reflected the slowing pace of inflation.
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Full press release below:
hsbcpmidec
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