Wednesday, January 1, 2025

"Growth in China's factory activity slows, Caixin PMI shows"

 From Reuters via Investing.com, January 1:

China's factory activity grew in December but at a slower-than-expected pace, as overall sales were dampened by falling export orders amid concerns over the trade outlook, a private-sector survey showed on Thursday.

The data echoed an official survey on Tuesday showing manufacturing activity expanded modestly, reinforcing calls for more stimulus to spur growth this year as Donald Trump will soon take office and likely intensify U.S.-China trade tensions.

The Caixin/S&P Global manufacturing PMI nudged down to 50.5 in December from 51.5 the previous month, undershooting analysts' forecasts in a Reuters poll of 51.7.

The rate of output expansion eased to a three-month low as growth in new orders slowed....

....MUCH MORE