China’s PMI December 2024

According to data from the National Bureau of Statistics, China’s Purchasing Managers' Index (PMI), expanded in December reaching 52.2, above the 50-point threshold that separates growth from contraction.

China’s composite PMI, which includes both manufacturing and non-manufacturing activities, grew to 50.1, while the non-manufacturing PMI, which has been supporting the economic recovery so far, it came in at 52.2 in December.

Several key indicators of the Chinese economy, particularly consumer spending and the real estate sector, are still in a phase of recovery, and the Chinese government has implemented a series of policies and financial measures whose effects will be seen in the coming months.