{"id":143277,"date":"2021-10-31T02:26:43","date_gmt":"2021-10-31T02:26:43","guid":{"rendered":"https:\/\/precoinnews.com\/?p=143277"},"modified":"2021-10-31T02:26:43","modified_gmt":"2021-10-31T02:26:43","slug":"china-oct-official-services-pmi-falls-to-52-4-vs-53-2-in-sep","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/china-oct-official-services-pmi-falls-to-52-4-vs-53-2-in-sep\/","title":{"rendered":"China Oct official services PMI falls to 52.4 vs 53.2 in Sep"},"content":{"rendered":"<figcaption>FILE PHOTO: A woman gets her phone&#8217;s QR code of the digital payment services scanned at a food shop, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China October 10, 2020. REUTERS\/Aly Song<\/figcaption><p>(Corrects month in final paragraph)<\/p>\n<p>BEIJING (Reuters) &#8211; Activity in China\u2019s services sector grew at a slower pace in October, official data showed on Sunday, as China combats small-scale COVID-19 outbreaks hitting mainly the north.<\/p>\n<p>The official non-manufacturing Purchasing Managers\u2019 Index (PMI) fell to 52.4 in October from September\u2019s 53.2, data from the National Bureau of Statistics (NBS) showed. The 50-point mark separates growth from contraction on a monthly basis.<\/p>\n<p>Analysts say the services sector, which was slower to recover from the pandemic than manufacturing, is more vulnerable to sporadic COVID-19 outbreaks, clouding the outlook for the much anticipated rebound in consumption in the months to come.<\/p>\n<p>The official October composite PMI, which includes both manufacturing and services activity, fell to 50.8 from September\u2019s 51.7.<\/p>\n<p>(This story corrects month in final paragraph)<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/china-economy-pmi-services\/corrected-china-oct-official-services-pmi-falls-to-52-4-vs-53-2-in-sep-idUSAZN01RH4U\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: A woman gets her phone&#8217;s<\/p>\n","protected":false},"author":3,"featured_media":143276,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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