The Chinese manufacturing economy continued to improve in December, with the majority of sub-indices looking optimistic. However, it is still to be seen if the stabilization of the economy is consolidated due to uncertainties in whether restocking and consumer price rises can be sustainable.
China's Manufacturing PMI unexpectedly rose in December
The Caixin China General Manufacturing PMI was 51.9 in December, up one point from the previous month and the strongest expansion since January 2013. The sub-indices for output and neworders both hit multi-year highs while those for input costs andoutput charges continued to rise rapidly, underlining sustainedinflationary pressure.
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