The final value of China's manufacturing PMI in December 2014 was 49.6

It is reported that in November 2014, China’s PPI has declined for 33 consecutive months, and CPI has fallen to a new low in five years. The economic growth momentum has weakened and the downward pressure on inflation has increased.

In December 2014, the final value of China's manufacturing PMI was 49.6, slightly higher than the initial value of 49.5, but it was lower than the final value of 50 last month and fell to a new low since June 2014. This is the second consecutive month of decline in this value, and it is lower than the 50 line, indicating that the manufacturing sector has entered a contraction zone.

From the breakdown of the data, the new orders sub-index fell below the 46.7 line, the first contract since April this year. It can be seen that the slowdown in the manufacturing industry is mainly due to the weakening of domestic demand.

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