China’s Manufacturing Sector Expands But at a Slower Pace in December - Forex News by FX Leaders
China's Manufacturing Sector Expands But at a Slower Pace in December

China’s Manufacturing Sector Expands But at a Slower Pace in December

Posted Thursday, January 2, 2020 by
Arslan Butt • 1 min read

China’s manufacturing sector continued to expand into December, but at a slower pace than in the previous month. The Caixin China General Manufacturing PMI reading came in at 51.5 in December vs. 51.8 in November and 51.7 forecast.

The rate of expansion slowed down on account of a weaker uptick in total new business while new orders grew at the slowest pace in three months during December. Domestic demand saw an expansion, but at a weaker pace than observed in the past two months, while new export orders declined at a slower rate than before.

Following the release of this news, the Chinese yuan saw a slight spike against the US dollar but has since steadied itself. At the time of writing, USD/CNH is trading somewhat bullish at around 6.964.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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