China's manufacturing and services activity decreased further in November, official data showed on November 30, as COVID-related disruptions intensified.
In November, the Purchasing Managers' Index (PMI) for the manufacturing sector stood at 48, down from 49.2 in October, the National Bureau of Statistics (NBS) said on November 30.
A reading below 50 suggests a contraction in activity, while one above that level indicates expansion.
In November, affected by a wider and more frequent domestic epidemic, and a more complex international environment, China's manufacturing PMI fell back, staying in the contraction zone for the second month in a row.
Activities slowed at both ends of supply and demand. The production subindex stood at 47.8 in November, down 1.8 percentage points from a month ago; that for new orders fell 1.7 percentage points to 46.4, in which new export orders fell 0.9 percentage point to 46.7.
The subindex surveying large firms also fell below 50 in November, at 49.1 from 50.1 a month ago. Figures tracking medium and small firms sagged to 48.1 and 45.6 from 48.9 and 48.2, respectively, the NBS said.
China's official non-manufacturing PMI dropped to 46.7 in November, down from 48.7 a month ago. The gauge, mainly for business sentiment in the services and contraction sectors, fell for sixth consecutive months from a year-high of 54.7 in June and the second month below 50.
Within the official non-manufacturing PMI, the construction subindex stood at 55.4, down from 58.2 in October, and the service subindex fell to 45.1 from 47.
(Writing by Alex Guo Editing by Harry Huo)
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