Manufacturing Shrinks for 10th Straight Month, as Caixin China PMI Stands at 48.2

(Beijing) – Chinese manufacturers saw their operating conditions deteriorate for the 10th straight month, as the Caixin China Purchasing Managers' Index for December came in at 48.2.

The figure shows that manufacturing shrank from November, when the PMI figure was 48.6.

The further a PMI number is away from the neutral 50-point level, the more the industry has contracted or expanded.