Indicators
China’s Factory Activity Growth Slows as Recovery Remains Bumpy
- Caixin manufacturing PMI fell to 50.5 in December from 51.5
- Falling export orders dampened sales ahead of Trump’s return
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China’s manufacturing activity slowed its pace of expansion in December, as investors wait for more economic stimulus when Donald Trump — who is threatening tariffs on Chinese exports — returns to the White House.
The Caixin manufacturing purchasing managers index fell to 50.5 from 51.5 in November, according to a statement released by Caixin and S&P Global on Thursday. While any reading above 50 indicates an expansion of activity, the figure was a disappointment compared with the median forecast of 51.7 by economists.