CHINA's factory activity grew in December but at a slower-than-expected pace, as overall sales were dampened by falling export orders, according to a private-sector survey, reports Reuters.
The data matched an official survey showing manufacturing activity expanded modestly, reinforcing calls for more stimulus to spur growth this year as Donald Trump will soon take office and likely intensify US-China trade tensions.
The Caixin/S&P Global manufacturing PMI nudged down to 50.5 in December from 51.5 the previous month, undershooting analysts' forecasts in a Reuters poll of 51.7.
The rate of output expansion eased to a three-month low as growth in new orders slowed.
New export orders, in particular, returned to contractionary terrain, marking the fourth month of decline in the past five months. Subdued external economic conditions and threats of new US tariffs pose major risks for the world's top exporter of goods.
SeaNews Turkey
The data matched an official survey showing manufacturing activity expanded modestly, reinforcing calls for more stimulus to spur growth this year as Donald Trump will soon take office and likely intensify US-China trade tensions.
The Caixin/S&P Global manufacturing PMI nudged down to 50.5 in December from 51.5 the previous month, undershooting analysts' forecasts in a Reuters poll of 51.7.
The rate of output expansion eased to a three-month low as growth in new orders slowed.
New export orders, in particular, returned to contractionary terrain, marking the fourth month of decline in the past five months. Subdued external economic conditions and threats of new US tariffs pose major risks for the world's top exporter of goods.
SeaNews Turkey
