Jan 01, 2013, 10.04 AM IST | Source: Reuters

China Dec official factory PMI flat at 50.6

China's official manufacturing purchasing managers' index held steady at 50.6 in December, matching November's seven-month high, the National Bureau of Statistics said on Tuesday.

China Dec official factory PMI flat at 50.6

China's official manufacturing purchasing managers' index held steady at 50.6 in December, matching November's seven-month high, the National Bureau of Statistics said on Tuesday.

The headline figure was lower than expectations from an economist poll by Reuters last week, which had forecast a stronger confirmation of recovering growth in the world's second-largest economy.

A PMI reading below 50 suggests growth slowed, while a number above 50 indicates accelerating growth.

On Monday, the HSBC China PMI, which gathers more data from smaller, privately-held firms that have a strong export focus, signalled that growth in the manufacturing sector had quickened to its fastest pace since May 2011 with a December reading of 51.5.

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