Monday, January 5, 2009

China Factory Output Dips Further

From BBC:

China's manufacturing output fell for a third consecutive month in December as the global economic slowdown continued to impact on its economy.

The official purchasing managers' index moved slightly higher than November's all-time low to 41.2 with any figure under 50 indicating a contraction.

The fall was caused by falling demand especially from abroad.

The latest data adds to fears that the slump is worsening despite Beijing's efforts to protect the economy.

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