China's November services activity expands at slower clip, survey shows

The Caixin/Markit services 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

Activity in China's services sector expanded at a slower pace in November amid rising inflationary pressures and continuing small-scale COVID-19 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 those of an official survey, which also showed the expansion in the services sector lost some steam.

Analysts say the services sector, which has been