China Dec manufacturing activity expands for third month

2024.12.30 20:59

BEIJING (Reuters) – China’s manufacturing activity expanded for a third straight month in December but at a slower pace, an official factory survey showed on Tuesday, suggesting a blitz of fresh stimulus is helping to support the world’s second-largest economy.

The official purchasing managers’ index (PMI) was 50.1 in December versus 50.3 in November, above the 50-mark separating growth from contraction but missing a median forecast of 50.3 in a Reuters poll.

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