India's Private Sector Expands Marginally In November

Hong Kong PMI up slightly in November

China Services Activity Picks Up in November, Caixin Survey Shows

Charge inflation quickened to the strongest since July, but was modest as firms were unable to fully pass on higher cost burdens to price-sensitive clients.

The services Purchasing Managers' survey from the United Kingdom and retail sales from euro area are due on Tuesday.

Bolstered by the improvement in the service sector, the Caixin China Composite Output Index, which covers manufacturing and service companies, rebounded to 51.6 from October's 16-month low of 51.

PMIs are compiled each month from interviews with "purchasing managers" at thousands of companies. However, the figure was still well above the key level of 50: any figure below that suggests a contraction in the sector.

Thank you for your feedback. "Good weather conditions have improved growth prospects for the agriculture sector and reduced inflation expectations". It comes as businesses begin to focus on protecting their profits by passing on higher costs for food, fuel and salaries.

"Panellists widely blamed the deterioration in business performance due to the goods and service tax (GST), which led to a fall in the new orders index", according to the Nikkei PMI press release. The latest reading signalled a solid increase in the biggest sector of the United Kingdom economy, but showed the rate of expansion was slightly slower than the average for this year.

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The warning for higher prices charged to customers will confirm the reasons for the Bank of England's interest rate hike last month, according to Samuel Tombs, chief United Kingdom economist at the consultancy Pantheon Macroeconomics.

"That said, cost pressures further intensified at service firms (fastest inflation since October 2013), which could constrain output growth in the near term and reduce any central bank appetite to reduce interest rates", Dodhia said.

Activity in India's dominant services industry shrank in November as rising prices, driven up in part by the new national sales tax, took a toll on both foreign and domestic demand, a business survey showed on Tuesday.

Samuel Tombs, chief United Kingdom economist at Pantheon Macroeconomics, a financial data analysis firm in London, told Xinhua: "The average level of the PMI in Q4 so far is consistent with output holding steady, following quarter-on-quarter declines of 0.6 percent in Q2 and 0.9 percent in Q3".

"Business optimism across the construction sector remained relatively subdued, but picked up from the near five-year low seen in October", Tim Moore, Associate Director at IHS Markit, said. A reading below 50 mark means contraction while, above that indicates expansion, reported Reuters.

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