China's Manufacturing PMI down again in December: a weakened pulse reflecting decline in global energy demands!
Contraction in China's Manufacturing The latest data released by China's National Bureau of Statistics clearly shows that the the activities of the global manufacturing powers house, China, was down again in December, 2023. In fact, it has lost 0.4% points, from 49.4% in November to 49% in December. The significant index has been on a downward trend since September. The Manufacturing PMI of China is a barometer that represents China's manufacturing activity in a given month: the authorities survey the manufacturing managers in the vast country to gauge the activities at first hand; its threshold is 50% that indicates no changes; if it is above 50%, as happened in September, it is an expansion of the activity; on the other hand, any number below 50% is a contraction. China's Manufacturing PMI for December With the latest data, China admitted explicitly that its manufacturing activity has contracted in the past four months. The admission has already cast a long shadow