China’s factory activity continues expanding in December
2024-12-31 10:27:17 source：SCMP
December 31, 2024
A major gauge of China’s factory activity has stayed in expansionary territory for three months in a row, adding momentum to the country’s economic recovery as the external environment is poised to become more fraught in 2025.
The official manufacturing purchasing managers’ index (PMI) – an indicator of sentiment among factory owners – fell to 50.1 in December compared with 50.3 a month earlier, according to data released by the National Bureau of Statistics (NBS) on Tuesday.
The index has stayed above the 50-point threshold since October, signaling expanding economic activity.
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