China December manufacturing PMI 51.9 (vs. expected 52.0) & services 55.7 (vs. expected 56.3)

These are the official survey PMIs for Dec. 2020 from the National Bureau of Statistics and the China Federation of Logistics and Purchasing(CFLP).

Manufacturing 51.9

• expected 52.0, prior 52.1

Non-manufacturing 55.7

• expected 56.3, prior 56.4

Composite 55.1

• prior 55.7

All three slipping back a little on the month and still expanding.