China’s services sector activity falls further in Nov — official PMI
FILE PHOTO: Women stand at a entrance of a hotel during lockdown, amid the coronavirus disease (COVID-19) pandemic, in Shanghai, China, May 1, 2022. REUTERS/Aly Song
BEIJING (Reuters) — China’s services activity contraction deepened in November, official data showed on Wednesday, as already strict COVID-19 restrictions tightened further in some cities due to surging infections and struck a blow to consumption.
The official non-manufacturing purchasing managers’ index (PMI) stood at 46.7 versus 48.7 in October, below the 50-point mark which indicates expansion and contraction in activity on a monthly basis, according to data from the National Bureau of Statistics.
The official composite PMI, which includes both manufacturing and services activity, stood at 47.1 compared to 49.0 in October.
