FX.co ★ China's Caixin Services PMI Slips to 52.1 in November

China's service sector experienced a slight dip in momentum in November 2025, according to the latest data released by Caixin. The Caixin Services Purchasing Managers' Index (PMI) registered a reading of 52.1, a modest decline from the 52.6 recorded in October. This represents yet another month of expansion for the sector, albeit at a slower pace.

The PMI figure remains above the critical 50 mark, indicating that the service sector is still expanding, but the slight drop highlights moderation in growth. The slight fall-off may signal caution among service providers amid global economic uncertainties or domestic challenges.

Analysts are closely watching these figures as service industries play a crucial role in China's economy, and their performance can provide insights into broader economic health. The data, updated on December 3, 2025, helps stakeholders gauge the stability and future trajectory of China's dynamic services sector.