Economics
China’s Factory Gauge Declines as Stimulus Case Builds: Economy
This article is for subscribers only.
A Chinese factory gauge fell to a seven-month low in December even after efforts by the central bank to ease monetary conditions, suggesting more stimulus will be needed to halt the slowdown.
The preliminary Purchasing Managers’ Index from HSBC Holdings Plc and Markit Economics fell to 49.5, missing the median estimate of 49.8 in a Bloomberg survey and lower than last month’s 50.0. Numbers below 50 indicate contraction.