empty
 
 

2023.12.0500:53:00UTC+00China Service Sector Picks Up Steam In November - Caixin

The service sector in China continued to expand in November, and at a faster rate, the latest survey from Caixin revealed on Tuesday with a PMI score of 51.5.

That's up from 50.4 in October and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Aiding the quicker rise in Chinese services activity was a stronger upturn in total new business midway through the final quarter of the year. The rate of new order growth was likewise the best recorded since August, albeit moderate overall.

Companies that experienced higher sales often mentioned that this was due to firmer underlying market conditions. The surveys indicated that both domestic and overseas demand for Chinese services improved in November, with new export business rising modestly for the third straight month.

Also, the composite index improved to 51.6 in November from 50.4 a month earlier.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback