Morning Bites (part 2)

🌏 Global manufacturing PMIs showed mixed dynamics in December. The Eurozone Markit Manufacturing PMI was recorded at 48.8 (vs. 49.6 in November), while the US ISM Manufacturing PMI was down to 47.9 (from 48.2)

🇨🇳 The official NBS Manufacturing PMI in China rose to 50.1 (vs. 49.2 a month ago). Meanwhile, the Caixin China Manufacturing PMI inched up to 50.1

🇮🇳 India’s manufacturing PMI of 55.0 remains one of the strongest indicators among the world's key economies

❗️Overall, manufacturing PMI readings softened last month in western economies, underlining the ongoing weakness in their local manufacturing activity. At the same time, Chinese PMIs remain rather neutral (close to 50.0), while India is the standout with continuously robust PMI figures

#PMIs