Story perspectives

China's PMI Misses Forecast Amid Economic Recovery Struggles

1/1/2025

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Summary

Story summary

China's December purchasing managers' index (PMI) registered at 50.1, falling short of the 50.3 forecast, signaling weak manufacturing growth.
Non-manufacturing PMI improved to 52.2, with 17 out of 21 industries experiencing increased activity.
Ongoing economic recovery faces deflationary pressures, with GDP growth anticipated at 4.9% for 2024.
Recent reports indicate declining industrial profits and lackluster retail sales.
To stimulate the economy, China plans to issue 3 trillion yuan in special treasury bonds.

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Story summary

China's December purchasing managers' index (PMI) registered at 50.1, falling short of the 50.3 forecast, signaling weak manufacturing growth.
Non-manufacturing PMI improved to 52.2, with 17 out of 21 industries experiencing increased activity.
Ongoing economic recovery faces deflationary pressures, with GDP growth anticipated at 4.9% for 2024.
Recent reports indicate declining industrial profits and lackluster retail sales.
To stimulate the economy, China plans to issue 3 trillion yuan in special treasury bonds.