Morning Bites (part 1)

🌏Global manufacturing PMIs showed mixed dynamics in December. The Eurozone Markit Manufacturing PMI was 45.1 (almost in-line with November print), while the US ISM manufacturing PMI increased to 49.3, surpassing market estimates of 48.4

🇨🇳The official NBS Manufacturing PMI in China was 50.1 (vs. 50.3 a month ago). Meanwhile, the Caixin China Manufacturing PMI inched down to 50.5, below the forecast of 51.7

🇮🇳 India’s manufacturing PMI of 56.4 remains one of the most bullish indicators among the world's key economies

❗️In December, EU/US PMIs stood below 50.0, representing the ongoing slowdown in their manufacturing activity. Meanwhile, China’s new economic stimulus and potentially greater fiscal support in 2025 might add some positive to local demand for industrial metals this year (e.g. steel, aluminum and copper), we believe

#PMIs
https://metals-wire.com/news-reports