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China Manufacturing PMI Hits 4-Month High

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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 Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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