CN Oct S&P General Services PMI Drops to 52.6; Composite PMI Slips to 51.8

The RatingDog China General Services PMI fell from 52.9 in September to 52.6 in October, according to the announcement made by S&P Global. The Composite PMI stood at 51.8, down from 52.5 in September.

During the period, greater intakes of new work supported further rise in activity. Job shedding persists amid fastest rise in input costs for a year. Average output charges fell due to intense competition.

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