China HSBC Dec flash manufacturing PMI firms to 50.9

Growth in China’s vast manufacturing sector picked up in December, a preliminary private survey showed, with rises in areas such as new orders and employment underlining a brighter outlook for the economy in coming months. The HSBC flash purchasing managers’ index for December rose to 50.9, a 14-month high and the fifth straight monthly gain. A figure above 50 indicates that growth is accelerating, while one below 50 shows slowing growth.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1105171/china-hsbc-dec-flash-manufacturing-pmi-firms-509