Economic news
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.
