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CN Nov RatingDog Services PMI Falls to 52.1, Beating Forecast
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The China RatingDog Services PMI fell from 52.6 in October to 52.1 in November, still higher than the market expectation of 51.9. The S&P Composite PMI also receded from 51.8 in October to 51.2 in November. Remaining above the 50.0 threshold, the latest reading indicated that China's services activity continued to expand, extending the expansion period that began in January 2023. That being said, the expansion rate was the weakest in the past five months and modest overall. AAStocks Financial News |
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