The mainland’s flash Markit/HSBC Purchasing Managers’ Index (PMI) dropped to 50.5 in December as growth in the manufacturing sector slowed, South China Morning Post reported. A figure above 50 shows expansion in the sector while a figure below 50 represents a contraction in growth. The latest reading fell from November’s final reading of 50.8, but for a fifth consecutive month remained above 50. Given the approaching holidays, the flash PMI for China covers only the short period from December 5 to 12. The final PMI will be released on January 2.
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