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China's industrial firms grew at a much slower pace in November, pressured by tumbling prices of some raw materials, faltering property market, weaker consumer demand; profits up 9% year-over-year to US$126.54B, much lower than the 24.6% gain in October

Moody's sees US economy taking near-term hit from omicron surge that could infect more people than earlier waves but end more quickly; Q1 2022 economic growth forecast lowered to 2% from 5%, as omicron is affecting people's behavior, business practices

Commentary: Strong revival in consumer spending amid waning impact of pandemic will help paper packaging industry bounce back with 15% revenue growth this fiscal year after industry reported 8% drop in previous year, says India-based ratings agency Crisil

US disposable personal income increased 0.4% in November over October, personal consumption expenditures rose 0.6%; monthly changes reflect increase in compensation of employees, government social benefits

University of Michigan's Index of Consumer Sentiment posts final December reading of 70.6, up from November's 67.4 due to gains among households with incomes in bottom third of distribution

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