China’s November Caixin Services PMI Rose to Three-Month High

Updated Dec. 4, 2023 9:21 pm ET

A private gauge of China’s services activities rose to a three-month high in November, contrasting with an official index that tumbled into contraction.

The Caixin services purchasing managers index climbed to 51.5 in November from 50.4 in October, Caixin Media Co. and S&P Global said Tuesday. A reading above the 50 mark suggests activity expansion, while one below that level indicates contraction.

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