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US stock futures mixed on consumer price decline

FILE- In this Thursday, Dec. 6, 2012, file photo, Trader Fred DeMarco, center works on the floor of the New York Stock Exchange. World stock markets swung higher Friday Dec. 14, 2012 after a survey showed an improvement in China's manufacturing, offsetting gloom from a sharp drop in Japanese business confidence. (AP Photo/Richard Drew, File)

NEW YORK (AP) -- U.S. stock futures are mixed after a strong Chinese manufacturing survey and a government report that showed U.S. consumer prices fell more than expected.

Dow Jones industrial futures are up 11 points at 13,168. The broader S&P 500 futures are down 5 points to 2,657. Nasdaq futures are up 2 points to 1,420.

The improvement in Chinese manufacturing activity suggests global consumer spending may be recovering from a weak patch this year. China's manufacturing activity rose to a 14-month high in December.

U.S. consumer prices fell 0.3 percent last month because of a steep fall in gasoline prices. Excluding volatile food and gas, prices rose 0.1 percent in November.

European markets were less upbeat after Standard & Poor's lowered its credit outlook on Britain.