China Official Services PMI Edges Up To 53.9 In November

By Reuters

An employee welds the exterior of a vehicle along a production line at a factory in Qingdao, Shandong province Dec. 1, 2014. REUTERS/CHINA DAILY

(Reuters) - China's services sector grew slightly faster in November, an official survey showed on Wednesday, a welcome respite to a run of underwhelming data from the world's second-largest economy as it faces its worst slowdown in at least six years.
The official non-manufacturing Purchasing Managers' Index, or PMI, rose to 53.9 in November from October's 53.8, hovering comfortably above the 50-point line that separates growth from contraction on a monthly basis.