- 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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More on China PMI: Markit forecasts Q4 GDP of 7.8%
Dec 16 2013, 03:35 ET