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Market Updates: China’s December Manufacturing Activity Contracts – Trade War Plays

Posted Monday, December 31, 2018 by
Arslan Butt • 1 min read

The China Federation of Logistics and Purchasing reported weaker than anticipated manufacturing activity in December. The manufacturing index fell to 49.4, which is lower than economists’ forecast of 49.9. Fellas, it’s even worse than November’s official manufacturing PMI, which was 50.0.

A reading above 50 indicates expansion, while a reading below that signals contraction. On the flip side, the non-manufacturing PMI came in at 53.8, higher than the reading of 53.4 in November. The trade war between the US and China continues to drag the Chinese economy down.

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