Update: China's non-manufacturing PMI rises in November

Thu, 28 Jan 2021

Update: China's non-manufacturing PMI rises in November

Xinhua
30 Nov 2020, 13:18 GMT+10

Customers have a meal at a restaurant of Shaxian Snacks in Shaxian County of Sanming City, southeast China's Fujian Province, Nov. 18, 2020. (Xinhua/Jiang Kehong)

BEIJING, Nov. 30 (Xinhua) -- The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 56.4 in November, up from 56.2 in October, the National Bureau of Statistics said Monday.

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

The non-manufacturing PMI has remained above 50 for nine consecutive months, data from the NBS showed.

In November, the service sector continued to accelerate its pace of recovery, with the sub-index for business activities expanding to 55.7 from 55.5 in the previous month.

Thanks to the country's targeted and timely measures against COVID-19, the consumer market recovered in an orderly manner, and the service sector rebounded steadily, said NBS senior statistician Zhao Qinghe.

A breakdown of the data showed the sub-indexes for business activities of rail transportation, civil aviation and finance remained above 60, Zhao added.

The construction industry continued its robust growth, as the sub-index for business activities stood at 60.5, up from 59.8 in October. ■

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Professional Autos.

More Information

25 ℃

Mostly Cloudy in Seletar

Business

Section

Global economy expected to perform strongly, says IMF

WASHINGTON, DC - The International Monetary Fund (IMF) has said the global economy is projected to grow by 5.5 per ...

Lower iron ore prices hit Australian stock market, Nikkei 225 rises

SYDNEY, NSW, Australia - Stocks in Asia were mixed on Wednesday.Japan's Nikkei 225 eked out a small gain despite concerns ...

IMF predicts Indian economy to grow at staggering 11.5 per cent

New Delhi [India], January 27 (ANI/Big News Network): India will reclaim the status of the world's fastest-growing economy, and will ...

Wall Street finishes with modest losses, U.S. dollar slips

NEW YORK, New York - U.S. stocks were out of favour on Tuesday with the main indices drifting lower.At the ...

Indian farmers protesting new laws clash with Delhi police

NEW DELHI, India - After clashes between protestors and police in several parts of Delhi, farmers on Tuesday, the Samyukta ...

Nikkei 225 loses 276 points, Aussie stock market shut for national day

SYDNEY, NSW, Australia - Stocks in Asia lost ground on Tuesday.The Australian market missed the damage as markets were closed ...

Engineering

Section

Work on final 150kms of Nord Stream 2 gas pipeline begins

The Russian vessel tapped to finish the controversial Nord Stream 2 gas pipeline has begun work in Danish waters just ...

Indore Corp demolishes illegal properties in PDS case

Indore (Madhya Pradesh) [India] January 28 (ANI): Taking action on a case of black marketing of foodgrains supplied under Public ...

NASA Astronauts Conduct Space Walk Outside Space Station

Two NASA astronauts conducted a spacewalk Wednesday outside the International Space Station (ISS) to complete an antenna assembly and communications ...

China is home of world's most calamitous mining situations'

Brussels [Belgium], January 27 (ANI): China is not only the world's biggest coal producer but is also a home to ...

Skill-Lync launches live research programs

Chennai [Tamil Nadu] [India], January 27 (ANI/NewsVoir): YCombinator-backed, India headquartered startup 'Skill-Lync' announces the launch of their live research program ...

TFBM resumes application for repair, building permits in MAA

MARAWI CITY, Jan. 26 (PIA) - To continue the repair and reconstruction of damaged houses of internally displaced persons (IDPs) ...

Movie Review

Mission: Impossible