China Einkaufsmanagerindex Dienstleistungssektor

China's official NBS Non-Manufacturing PMI stood at 50.0 in November 2024, below market expectations of 50.2 which was also October's figure. Both new orders (45.9 vs 47.2) and employment (45.4 and 45.8) declined at a steeper pace. Meanwhile, new export orders contracted following a stabilization in October (48.2 vs 50.0). At the same time, delivery times remained unchanged (at 51.2). Regarding inflation, input prices decreased after increasing previously (49.1 vs 50.6). Meantime, a decline in selling prices extended though the pace of drop slightly softened (48.8 vs. 48.5). Lastly, confidence notched a five-month high (57.0 vs 56.1).