China’s non-manufacturing PMI weakened to 50.2 in November from 50.6 in October. It was the 11th straight month of expansion in the service sector but the softest in the sequence.
The NBS Composite PMI Output Index in China edged down to 50.4 in November 2023 from 50.7 in the prior month, pointing to the lowest print since December 2022.
The latest figure highlighted that the Chinese economy needs more support from the government amid weak demand and a property downturn.
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