The decline was largely unexpected, with the median forecast in a Bloomberg survey predicting an unchanged reading of 50.2. Photos: Reuters
China’s economy slows further as manufacturing contracts for first time in two and a half years
- Purchasing managers’ index falls to 49.4 in December putting more pressure on China to make concessions to ease the trade war with the United States
- Drop in manufacturing activity partly offset by stronger service sector
The decline was largely unexpected, with the median forecast in a Bloomberg survey predicting an unchanged reading of 50.2. Photos: Reuters
