The reading was 0.6 percentage points lower than in November
The Chinese Purchasing Managers’ Index (PMI) reached 49.4 this month, down from the 50 in November, according to the National Bureau of Statistics (NBS).
A reading above 50 points indicates expansion, a reading below, instead, reflects contraction. At 50, then, indicates no expansion or contraction of manufacturing activity on a monthly basis.
The sub-index of production fell from 51.9 in November to 50.8 in December
Nbs senior statistician, Zhao Qinghe, said that the intensification of international trade frictions and lower global economic growth partly influenced the Chinese manufacturing PMI in December.
The sub-index of production fell from 51.9 in November to 50.8 in December, while the sub-index of new orders fell from 50.4 to 49.7 in the same period.
Ultimately, the data also show that China’s non-manufacturing sector has remained stable
Zhao said that China’s manufacturing PMI index averaged 50.9 in 2018, showing that the manufacturing sector in general has maintained growth.
Ultimately, current data also show that China’s non-manufacturing sector remained stable in December, with the sector’s PMI standing at 53.8, up from 53.4 in November.
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