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BEIJING - China's
non-manufacturing activity improved in November, signifying a stronger role
played by the service sector in supporting the slowing economy, an official
survey showed Tuesday.
The purchasing
managers' index (PMI) for the non-manufacturing sector rose to 53.6 in November
from 53.1 in October, according to a report released jointly by the National
Bureau of Statistics (NBS) and the China Federation of Logistics and
Purchasing.
A reading above 50
indicates expansion, while a reading below 50 represents contraction.
Logistics business
including postal service and express delivery accelerated during the month due
to sales boom on the Singles' Day, the country's biggest annual commercial
holiday.
Retail and wholesale
business as well as services like Internet software, banking, securities
trading and insurance all posted strong expansion.
The sub-index for new
orders in services climbed over 50 to 50.3, up 1.4 percentage points from October,
showing demand rallied up in the service market, said NBS statistician Zhao
Qinghe.
The non-manufacturing
PMI tracks business activities of both service and construction industries.
The sub-index for
service industry went up to 52.8 in November from 52.3 in October. The
sub-index for the construction industry increased 1 percentage point from
October to 58.1.
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