China Manufacturing PMI Hits 4-Month High

A survey focused on small and mid-size businesses in China beat expectations on Monday, reaching a four-month high.The Caixin/Markit manufacturing Purchasing Managers’ Index for December came in at 51.5. Economists polled by Reuters expected the private Caixin/Markit PMI to come in at 50.6 in December versus 50.8 in November.A reading above 50 indicates expansion, while a reading below that signals contraction.

Source: Caixin China PMI: December manufacturing Purchasing Managers’ Index – CNBC

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.