China manufacturing activity weakens on Covid containment measures ...Middle East

BEIJING: China’s factory activity deteriorated further at the end of the year as Covid-19 containment measures together with softer demand forced manufacturers to downsize production reported dpa-AFX.The Caixin manufacturing Purchasing Managers’ Index edged down to 49.0 in December from 49.4 in the previous month, survey results published by S&P Global showed on Tuesday. The reading has remained below the neutral 50.0 mark for the fifth successive month suggesting contraction as Covid-19 outbreaks dampened manufacturing activity.The official PMI survey results published over the weekend also showed that manufacturing and services sectors weakened the most since early 2020 despite the abrupt

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China manufacturing activity weakens on Covid containment measures ...Middle East

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