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Growth in China's services sector accelerates in Nov - official PMI

BEIJING, Nov 30 (Reuters) - Activity in China’s services sector expanded at a faster pace in November, official data showed on Monday, as demand continues to recover from the coronavirus-induced slump.

The official non-manufacturing Purchasing Managers’ Index (PMI) rose to 56.4 from 56.2 in October, data from the National Bureau of Statistics (NBS) showed. The 50-point mark separates growth from contraction on a monthly basis.

China’s services sector, which includes many smaller, private companies, had been slower to recover from the health crisis than manufacturing, but consumption stepped up in the third quarter.

The official November composite PMI, which includes both manufacturing and services activity, rose to 55.7 from October’s 55.3. (Reporting by Stella Qiu and Ryan Woo; Editing by Sam Holmes)

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