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Caixin CN Mfg PMI Drops to 50.5 Last Mth, Behind Forecast
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Caixin.com announced that the Caixin China Manufacturing Purchasing Managers' Index (PMI) for December 2024 recorded 50.5, falling short of the market expectation of 51.7 and down by 1.0 ppt from November 2024. Although it maintained an expansion trend for three consecutive months, the pace of expansion slowed and external demand re-contracted. Employment marginally improved but still caved under pressure. While logistics efficiency enhanced, business optimism declined. Meanwhile, the National Bureau of Statistics recently announced that the manufacturing PMI for the same month came in at 50.1, down 0.2 ppts, remaining within the expansion range for three consecutive months. AAStocks Financial News |
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