China’s industrial purchasing managers index (PMI) accelerated from 49.9 in November to 50.9 in December, according to a survey released by IHS Markit in partnership with Caixin Media.
Indexes above 50 indicate expansion of activity, and this is the highest level of the Chinese industrial PMI since June.
Among the factors that contributed to the increase, the report highlights the strength of supply, with a reduction in restrictions, and the recovery of domestic demand, which led production to the second consecutive month of expansion.
External demand, in turn, remained weak, due to the impact of covid-19 in other countries and the increase in logistics costs due to the shortage of containers.
In the official Chinese industrial PMI, more focused on large state-owned companies, the indicator increased from 50.1 in November to 50.3 in December, above the forecast of 50.0.
The official survey is based on a much larger sample of manufacturers than the private survey.
Reference: CNN Brasil
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