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Caixin China General Manufacturing PMI
The latest PMI® data pointed to a sustained improvement in manufacturing conditions in China at the end of 2023. Firms signalled stronger increases in output and new orders amid reports of firmer market demand. At the same time, new export business fell at the softest rate in six months. However, business confidence regarding the year-ahead remained historically subdued and firms maintained a cautious approach to employment, as staffing levels fell for the fourth straight month. Cost pressures continued to moderate at the end of the year, with average input costs rising at the weakest pace since August. Meanwhile, ... (full story)