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China Manufacturing PMI Improves To 50.1 In December - NBS
(RTTNews) - The manufacturing sector in China turned to expansion in December, the latest survey from the National Bureau of Statistics said on Tuesday with a manufacturing PMI score of 50.1.
That beat forecasts for 49.8 and was up from 47.0 in November, moving it above the boom-or-bust line of 50 that separates expansion from contraction.
The bureau also said that its non-manufacturing PMI came in at 54.4 - also beating forecasts for 52.0 and up sharply from 41.6 in the previous month.
The composite index posted a score of 52.9, up from 42.6 a month earlier.
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