China's services sector edges up at the stronger pace in November

China's services sector edges up at the stronger pace in November

In November, surge in China's services sector activity managed to pick up to a three-month maximum, underpinned by a firm soar in new businesses, although the rate of expansion was still modest and weaker than the long-run trend, as a private poll disclosed on Tuesday.

The optimistic findings generally echo those of an official indicator of the non-manufacturing sector the previous week, which demonstrated that in November activity speeded up at a faster rate, thus backing the view that an anticipated slowdown in the broader Chinese economy would be quite gradual.

In November, the Caixin/Markit services purchasing managers' index tacked on to 51.9, gaining from October’s outcome of 51.2 and being the highest outcome since August.

An outcome above 50 shows surge, while any lower reading stands for contraction on a monthly basis.

In September, the index had declined to 21-month minimum having hit a three-month maximum in August.


What to Trade on August 22–26?
What to Trade on August 22–26?

How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3­­ Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera