DATA MACRO

China’s non-manufacturing activities contracted at much faster pace in Dec amid Covid disruptions

2023-01-01 2023-01-02

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China's non-manufacturing activities contracted at a much faster pace in December, with the official non-manufacturing PMI sliding to 41.6 from 46.7 in the previous month, according to data released by the National Bureau of Statistics.

In breakdown, the PMI for the construction sector fell to 54.4 in December, falling by 1 percentage points from the previous month, while the PMI for the service sector fell to 39.4, sliding 5.7 percentage points, showed the data.

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