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China HSBC Manufacturing PMI Ticks Up In December

An indicator of Chinese manufacturing sector performance inched up in December, suggesting modest expansion in activity, preliminary results of a survey by Markit Economics showed Friday.

The headline HSBC/Markit purchasing managers' index rose to 50.9 in December from 50.5 in November. This was the highest reading in 14 months. A PMI reading above 50 indicates expansion of the sector.

The manufacturing output index, at the same time, fell to 50.5 from 51.3 in November.

by RTTNews Staff Writer

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