China's Manufacturing Activity Expands for 5th Month
Manufacturing Activity Expands for 5th Month
Beijing - QNA
China's manufacturing activity expanded for a fifth month in December.
The manufacturing Purchasing Managers' Index (PMI) came in at 51.4 in December, lower than 51.7 in November and staying above the 50-point boom-bust line for the fifth straight month, the Chinese National Bureau of Statistics (NBS) said in a statement.
This is the second highest monthly reading this year.
The sub-index for production registered at 53.3, low than 53.9 in November.
The sub-index for new orders stayed at the same level as the previous month, the highest point this year.
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