Reuters Poll shows China factory growth slowing only slightly in Dec

Discussion in 'Currency Pairs' started by Larry, Dec 29, 2017.

  1. Larry

    Larry Administrator

    The latest Reuters poll has revealed that the Chinese manufacturing sector is expected to decelerate its activities only slightly this month even though some factories were forced to reduce production due to pollution concerns.

    Key Findings:

    “The official manufacturing Purchasing Managers’ Index (PMI) on Sunday is expected to dip marginally to 51.6 for December from an unexpectedly solid 51.8 in November.

    While the reading is seen softening, it would still suggest the 18th straight month of expansion for China’s manufacturers, which are posting their strongest profits in years thanks to a building boom and resurgent export demand.”

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