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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.