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Update: China's non-manufacturing PMI at 50 in November

XINHUA

發布於 7小時前 • Rong Jiaojiao,zhushaobin(yidu)
People use VR devices to enjoy virtual concerts during the third Global Digital Trade Expo in Hangzhou, east China's Zhejiang Province, Sept. 25, 2024. (Xinhua/Xu Yu)
People use VR devices to enjoy virtual concerts during the third Global Digital Trade Expo in Hangzhou, east China's Zhejiang Province, Sept. 25, 2024. (Xinhua/Xu Yu)

BEIJING, Nov. 30 (Xinhua) -- The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 50 in November, down from 50.2 in October, data from the National Bureau of Statistics (NBS) showed Saturday.

A reading above 50 indicates expansion, while a reading below 50 reflects contraction.

The service sector sub-index stood at 50.1 in November, unchanged from that in October, while that of construction fell to 49.7 from 50.4 as outdoor construction gradually entered the off-season affected by the cold weather, according to the NBS.

A breakdown of the data showed that internet software and information technology services, capital market services and the insurance sector recorded an expansion in November, while those related to retail, accommodation and catering sectors logged contraction. ■

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