Open Demo Account
Home / Market Update / Official Manufacturing PMI in China Fell to 53 in December From 54.9 in September

Official Manufacturing PMI in China Fell to 53 in December From 54.9 in September

Adel 4 January, 2021 5:09 pm Market Update

China announced that manufacturing activity expanded in December as the world’s second-largest economy continued to show signs of recovering from the coronavirus pandemic.

On the other hand, higher costs slowed the pace of expansion in factory activities.

The official PMI manufacturing index fell to 53 from 54.9 in September.

The PMI is above 50, declining to the weakest pace in three months.

Tags

Check Also

BoJ

BoJ Intervention: Identifying the Impact of Japan’s Unexpected Defense

Japan stunned global currency markets after authorities stepped into the foreign exchange market for the …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends