China Factory Gauge Signals Contraction Continued a Fifth Month

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  • Purchasing managers index rose to 49.7 in December from 49.6
  • Services industry indicator climbed to a 16-month high of 54.4

China’s first official economic report of 2016 suggested manufacturing weakened for a fifth straight month in December, the longest such streak since 2009, even as a separate gauge tracking services rose to the best level in more than a year.

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