China Manufacturing Activity Expands for Third Consecutive Month in December- PMI
National Bureau of Statistics interpretation: In December, the manufacturing Purchasing Managers' Index has been in the expansion Range for three consecutive months, and the non-manufacturing Business Activity Index has significantly rebounded.
On December 31, the National Bureau of Statistics Service Industry Survey Center and China Logistics and Purchasing Federation released the China Purchasing Managers' Index. In this regard, Zhao Qinghe, a senior statistician at the National Bureau of Statistics Service Industry Survey Center, provided an interpretation.
National Statistics: December PMI is 50.1%, continuing to maintain expansion.
In December, the Manufacturing Purchasing Managers' Index (PMI) was 50.1%, a decrease of 0.2 percentage points from the previous month, indicating that the manufacturing sector continues to expand; The Manufacturing PMI has remained in the expansion Range for three consecutive months, while the Non-Manufacturing Business Activity Index has significantly rebounded.
Japan's manufacturing sector continued to be sluggish in December, with the PMI final value rising to 49.6.
A private survey released on Monday showed that Japan's manufacturing activity contracted at a slower pace in December, as production and new Orders declined at a slower rate, gradually stabilizing after a recent downturn.
Japan's December PMI Indicates Slower Production Pace
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