China: Weak economic releases – TDS

Analysts at TD Securities note that China’s Caixin Composite PMI for December came in at 52.6, a -0.6 point decline from November.

Key Quotes

“The Caixin Services PMI was lower than market expectation (mkt 53.2), coming in at 52.5 in December, a decline from 53.5 in November, expanding at a slower pace following a strong rebound in November’s eight month high.”