China's services PMI falls to 6-month low

China’s Caixin services purchasing managers’ index fell to 46.7 in November. The Caixin index has been on a downward trajectory. A private sector business survey on Monday showed signs of further hits to economic growth. The Caixin services PMI fell to 46.7 in November. The Caixin/S&P Global services purchasing managers’ index (PMI) fell to 46.7 from 48.4, marking its third consecutive monthly contraction. A reading below 50 on the index indicates contraction, while a reading above that threshold indicates growth.