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China’s services sector activity expands at slower pace amid rising inflation pressures, Covid-19 outbreaks

Summary:
[unable to retrieve full-text content]Activity in China’s services sector expanded at a slower pace in November amid rising inflationary pressures and continuing small-scale coronavirus outbreaks, a private survey showed on Friday.The Caixin/Markit services purchasing managers’ index (PMI) fell to 52.1 in November from 53.8 in October, but remained above the 50-point mark that separates growth from contraction on a monthly basis.The readings in the private survey, which focuses more on small firms in coastal regions, tallied with…

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[unable to retrieve full-text content]
Activity in China’s services sector expanded at a slower pace in November amid rising inflationary pressures and continuing small-scale coronavirus outbreaks, a private survey showed on Friday.The Caixin/Markit services purchasing managers’ index (PMI) fell to 52.1 in November from 53.8 in October, but remained above the 50-point mark that separates growth from contraction on a monthly basis.The readings in the private survey, which focuses more on small firms in coastal regions, tallied with…
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