- MarketPulse - https://www.marketpulse.com -

China factory activity contracts in December

Results of a private survey on China’s manufacturing for the month of December showed factory activity contracted for the first time in 19 months amid a trade dispute with the U.S.

The Caixin/Markit Manufacturing Purchasing Managers’ index (PMI), a private survey, fell to 49.7 in December from 50.2 in November. Analysts’ in a Reuters poll predicted the PMI to come in at 50.1 in December.

A reading above 50 indicates expansion, while a reading below that level signals contraction.

CNBC [1]

  • [10]
    Mid-Market Update: Fauci optimism and more stimulus lift stocks off lows, China nightmare sinks oil and drives gold higher [10]
  • [11]
    Market Insights Podcast (Episode 114) [11]
  • This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

    Craig Erlam

    Craig Erlam [14]

    Senior Currency Analyst at OANDA [15]
    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.
    Craig Erlam

    Latest posts by Craig Erlam (see all [14])