China Caixin PMI manufacturing fell to 49.0, infections expected to explode in short term

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China Caixin PMI manufacturing fell to 49.0, infections expected to explode in short term

China Caixin PMI Manufacturing fell from 49.4 to 49.0 in December, below expectation of 49.3. Caixin added that production declined further albeit at a slower rate. Steeper fall was seen in new orders. But business confidence improved to 10-month high. Wang Zhe, Senior Economist at Caixin Insight Group said: “Covid outbreaks rapidly spread across China […]

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Source: China Caixin PMI manufacturing fell to 49.0, infections expected to explode in short term