China’s official purchasing managers index (PMI) showed that the non-manufacturing sector fell to 54.6 in December, down from 56 in November, Reuter reported, citing a statement made by the National Bureau of Statistics on Friday. A reading above 50 indicates expansion. The figure mirrors a slowdown in manufacturing activity growth. The reading follows the bureau’s release of the manufacturing PMI on Wednesday, which showed growth slowed slightly in December. Markit Economics and HSBC (HBC.NYSE, HSBA.LON, 0005.HKG, HSB.EPA) are set to release their separate PMI readings on Monday.
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