China Composite PMI Notches 9-Month Peak

2024-12-31 01:35 By Farida Husna 1 min. read

China's NBS Composite PMI Output Index increased to 52.2 in December 2024 from 50.8 in the previous two months, marking the highest reading since March.

The latest result followed a raft of stimulus measures from the government in late September and recent interest-rate cuts by the PBoC.

Meantime, the national statistics agency stated that overall economic activity had accelerated in December, driven by the third straight month of growth in factory activity and the strongest expansion in nine months for the service sector.

In early December, Chinese policymakers made boosting consumption and domestic demand their top priority for next year's economic agenda, marking only the second time in at least a decade they've done so.

However, detailed plans have not yet been disclosed so far.

Globally, the incoming Trump administration in the US introduced new risks as he threatened to impose steep tariffs on Chinese goods.



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