More on China PMI: Markit forecasts Q4 GDP of 7.8%

|By:, SA News Editor

Flash manufacturing output index slipped to 51.8 in December from 52.2 in November.

Output, backlogs, input prices, new orders and new export orders were among the constituent elements to grow, while employment and output prices decreased.

The PMI reading is above the average reading for Q3, says Markit, "implying that the recovering trend of the manufacturing sector starting from July still holds up." As a result, Markit expects "China's GDP growth to stabilize at around 7.8% on year in Q4."

The Shanghai Composite is -1.6%. (previous) (PR)

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