In October, the new China services PMI recorded 52.0, the highest in three months

On November 5th, the expansion of the service industry accelerated in October, with supply and demand improving simultaneously, and business confidence rebounded at a low level. On November 5th, the October fiscal new China general service industry operating activity index (service PMI) recorded 52.0, higher than 1.7 percentage points in September and the highest point in nearly three months, indicating that the service industry has rebounded.