MNI BRIEF: Dec RatingDog China Mfg. PMI Rises Above 50 Mark
Dec-31 07:12
Peoples Bank of China+ 2
China's RatingDog manufacturing PMI, previously known as the Caixin manufacturing PMI, came in at 50.1 in December, up from November's 49.9, rising back into the expansionary zone above the 50 mark, the publisher said on Wednesday.
New orders sub-index expanded for the seventh consecutive month, supported by domestic new product
launches and business development, despite subdued external conditions pulled new export orders
back into marginal contraction. Consequently, production sub-index returned to growth in December, albeit only marginally.
RatingDog PMI mainly tracks SME manufacturers. The official PMI released Sunday, which typically covers large state-owned companies, registered 50.1 in December, up from November's 49.2 reading.
