China Factory Activity Shrinks For First Time In 7 Months, Stimulus Expected
by Editorial TeamDecember 24, 2014Comments Off on China Factory Activity Shrinks For First Time In 7 Months, Stimulus ExpectedEconomics
(Reuters) – Activity in China’s factory sector contracted in December for the first time in seven months as new orders declined, a preliminary private survey showed on Tuesday, fueling expectations that more stimulus will be needed to avert a sharper economic slowdown. The flash HSBC/Markit manufacturing purchasing managers’ index (PMI) fell to 49.5 in December from…
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