Services sector of Chinese is growing faster than analysts expected

Services sector of Chinese is growing faster than analysts expected

The purchasing managers’ index for the services sector was 53.5 in November. In October that was 51.1. An index level of 50 or less indicates economic contraction. Economists are surprised by the good score in November.
The purchasing managers’ index for the services sector recorded a score of 53.5 compared to 51.1 in October. A level of 50 or less indicates shrinkage. Economists generally counted on a score of 51.1. According to the researchers, the composite index, including industry, showed a score of 53.2 for November compared to 52.0 in the previous month.
The services sector also showed growth in Japan. The so-called Jibun Bank purchasing managers index came out at 50.3. This is a definitive figure. The composite purchasing managers index of Jibun Bank was 49.8.

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