(Finance) – Manufacturing activity disappoints analysts’ expectations China in the last month of 2024. According to the Caixin/S&P Global monthly survey, the Manufacturing PMI fell to December 2024 at altitude 50.5 points from the previous 51.5, while remaining above the critical threshold of 50 points, between the expansion phase (values above 50 points) and the contraction phase (values below 50 points). Analysts had expected 51.6 points.
“The Caixin China General Manufacturing PMI reached 50.5 in December, down 1 point from November and marking the third consecutive month of expansion“, commented Wang Zhe, senior economist at Caixin Insight Group.
“Supply and demand have increased – he added – Production and demand from producers have continued to grow with the improvement of the market. The production indicator remained in expansionary territory for the 14th consecutive month, while total new orders increased for the third consecutive month. However, both grew at a slower pace as production and sales of capital goods declined.”
“The exports have dragged the demand amid the growing uncertainties arising from the foreign economic environment and global trade – underlined the expert – The corresponding indicator was in restrictive territory for the fourth time in the last five months”.