Sunday 29 December 2013

China official factory PMI seen dipping in December

Growth in China's factory activity may have pulled back slightly in December, a Reuters poll showed, reinforcing views that the world's second-largest economy could lose some steam at the year end while Beijing is shifting its focus to structural reforms.
China's official manufacturing purchasing managers' index (PMI) likely eased to 51.2 in December, down a touch from November's 51.4, according to the median forecast of 11 economists in the poll.

A reading above 50 indicates expanding activity while one below that level points to a contraction.
Source: Reuters

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