Growth in China's factory activity slows, Caixin PMI shows

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BEIJING: China's factory activity grew in December but at a slower-than-expected pace, as overall sales were dampened by falling export orders amid concerns over the trade outlook, a private-sector survey showed on Thursday.

The Caixin/S&P Global manufacturing PMI nudged down to 50.5 in December from 51.5 the previous month, undershooting analysts' forecasts in a Reuters poll of 51.7.

Chinese manufacturers maintained an optimistic view about output in 2025 though the degree of optimism eased to the lowest since September.

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Category: EconomyBusiness

Markets: MalaysiaChina

Topics: /Business/Business News Caixin Manufacturing Factory Economy PMI

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-02 @ 09:51:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

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