China’s factory activity fell in December to a six-month low, boosting expectations that the government may soon have to move to support the economy.
“The official manufacturing purchasing managers’ index fell to 49 points, down from the median forecast of 49.6 points by economists polled by Bloomberg but matching the June reading,” China’s National Bureau of Statistics said in a statement.
The measure of non-manufacturing activity rose to 50.4 points from 50.2 in November, supported by expansion in the construction sector as government-led infrastructure investment accelerated in the past few months. However, service activity remained in contraction, with the core index remaining at 49.3 points.
PMI figures point to further signs of a weaker economic recovery in China in the final months of the year.
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