A survey focused on small and mid-size businesses in China beat expectations on Monday, reaching a four-month high.The Caixin/Markit manufacturing Purchasing Managers’ Index for December came in at 51.5. Economists polled by Reuters expected the private Caixin/Markit PMI to come in at 50.6 in December versus 50.8 in November.A reading above 50 indicates expansion, while a reading below that signals contraction.
Source: Caixin China PMI: December manufacturing Purchasing Managers’ Index – CNBC
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Craig Erlam
His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.
Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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