<p>The deepest contraction for manufacturing for 26 months. Weak demand, strong cost pressures cited. </p><p>Manufacturing PMI 48.8</p><ul><li>prior 49.0</li><li> Output and new orders extended their contraction for a sixth month in December, although at slower paces than last month</li><li>Input price inflation rate slowed for a third month to the lowest pace since September 2021 </li></ul><p>Services 51.7, helped by reawakening tourism</p><ul><li>prior 50.3</li></ul><p>Composite 50.0</p><ul><li>prior 48.9</li></ul>
This article was written by Eamonn Sheridan at www.forexlive.com.
