China December manufacturing contracts at sharpest pace in almost 3 years

China December manufacturing contracts at sharpest pace in almost 3 years

• China’s official purchasing managers’ index (PMI) fell to 47.0 from 48.0 in November, the National Bureau of Statistics said on Saturday. The 50-point mark separates contraction from growth.
• The drop was the biggest since the early days of the pandemic in February 2020.
• Economists in a Reuters poll had expected the PMI to come in at 48.0.

https://www.cnbc.com/2022/12/31/china-manufacturing-contracts-sharply-as-covid-infections-soar.html