China’s manufacturing activity slowed to a three-month low in December, a survey from HSBC showed Monday.
The HSBC flash purchasing managers’ index (PMI) fell to 50.5 for the month, compared to 50.8 in November. Growth in new order and new export orders increased at a faster rate, while employment decreased at a faster rate.
Still, the figure has remained above the 50 mark, which demarcates expansion from contraction, for five months now. “I think it’s still broadly optimistic. I think firms are still mildly on the expansionary side,” Alaistair Chan, economist at Moody’s Analytics, told CNBC.
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