FX.co ★ China's Composite PMI Climbs to 52.2 in December, Indicating Economic Expansion For The End of 2024

In an encouraging development for China's economy, the Composite PMI (Purchasing Managers' Index) for December 2024 has increased to 52.2, up from November's 50.8. The data, updated on December 31, 2024, provides a positive signal that the nation’s economy is expanding as it closes the year.

This rise in the Composite PMI, which encompasses both the manufacturing and services sectors, suggests a strengthening economic momentum, sparking optimism among investors and policymakers. As the index stands above the critical 50-point mark, which separates expansion in economic activity from contraction, the current reading is a testament to a faster growth rate in December.

The uptick in PMI could be attributed to various factors, including domestic demand, increased exports, or policy initiatives aimed at boosting economic growth. A sustained upward trajectory in future PMI reports would be crucial in underpinning continued optimism regarding China’s economic outlook as the nation embarks on a new year.