The official NBS Manufacturing PMI for China edged down to 51.9 in December 2020 from a 38-month high of 52.1 in the previous month and below market consensus of 52.0.
The official NBS Manufacturing PMI for China edged down to 51.9 in December 2020 from a 38-month high of 52.1 in the previous month and below market consensus of 52.0. Still, it marked the tenth straight month of growth in factory activity as the economy continued to recover after the government lifted COVID-19 lockdowns, with output (54.2 vs 54.7 in November), new orders (53.6 vs 53.9), and new exports orders (51.3 vs 51.5) all rising at softer paces.
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