Chinese manufacturing activity falls
The final reading of HSBC Holdings’s China manufacturing purchasing managers’ index for December came in at 49.6, a seven-month low, despite being revised slightly higher from a preliminary reading of 49.5.
A figure below 50 indicates a contraction in activity. The index was at 50 in November.
The official manufacturing index, compiled by the National Bureau of Statistics and the China Federation of Logistics and Purchasing, is due tomorrow.
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U.S. home-price growth slows
The S&P/Case-Schiller index of property values rose 4.5% in the year to October 31, the smallest rise in two years and down from a 4.8% increase in the year to the end of September. The index measures price changes in 20 U.S. cities.
Nationwide, house prices rose 4.6% in the 12 months ended in October, down from a 4.8% rise in the year to the end of September.
On the month, prices rose 0.8% in seasonally adjusted terms, the biggest increase since March.
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