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Financial News: China Manufacturing Sector Slips Into Contraction

China Manufacturing Sector Slips Into Contraction

12/30/2018 - 20:16:00 (RTTNews)

(RTTNews) - The manufacturing sector in China fell into contraction in December, the latest survey from the National Bureau of Statistics said on Monday with a PMI score of 49.4.

That's down from the no-change mark 50.0 in November, falling beneath that mark and into contraction. A score above 50 signals expansion.

The bureau also said its non-manufacturing PMI climbed to 53.8, up from 53.4 in the previous month.

As a result of the two scores, the bureau's composite index came in at 52.6 - down from 52.8 a month earlier.

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