China's manufacturing PMI rises slightly in December 2021

In PMI released by NBS, an index above 50 indicates expansion, while a reading below 50 reflects contraction.

In December, the sub-index measuring purchase prices of major raw materials fell 4.8 percentage points from November to 48.1. Likewise, the ex-factory price index fell to 45.5 in December, showing a drop of 3.4 percentage points from the previous month. December is the second consecutive month that both the purchase prices of major raw materials and ex-factory price index have shown a decline.

However, the sub-index for production stood at 51.4, reflecting the growth momentum of the manufacturing sector.

Fibre2Fashion News Desk (RKS)