BEIJING (Sputnik) – The non-manufacturing PMI went from 53.1 in November to 53.4 last month, showing the strongest rate in 17 months, Caixin said on Thursday.
A PMI reading of over 50.0 points signifies growth, while anything below that reflects a contraction.
Meanwhile, the Caixin China General Manufacturing PMI for December was at 51.9, rising from 50.9 in November. According to Caixin, this is the best performance since January, 2013.
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