China's service activity continued to expand in November, albeit at a slower pace than in October, with the Caixin China General Services Business Activity Index landing at 51.5, lower than last month's 52.0, according to a report released by the S&P Global on Wednesday.
The figure came above the neutral 50 mark but landed below investors' estimates.
"Supply and demand continued to grow amid an improved market, albeit at a marginally slower pace. Business activity and total new orders increased for the 23rd month in a row but slowed from October. Overseas demand growth decelerated for the second straight month," Dr. Wang Zhe, Senior Economist at Caixin Insight Group said.
