China Caixin Services PMI for November 46.7 (prior 48.4)

Caixin / Markit services PMI for November is 46.7

• prior 48.4

Composite is 47.0

• prior 48.3

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Awful numbers but they'll be viewed in light of the dialling back of restrictions in China and there are better conditions expected ahead.

I'm not as dour as Goldman Sachs:

• https://www.forexlive.com/news/goldman-sachs-on-china-easing-covid-restrictions-preparations-may-last-a-few-months-20221205/

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The PMIs from China for November:

• China official Manufacturing PMI 48.0 (expected 49.0) & Services 46.7 (expected 48.0)
• Caixin China November Manufacturing PMI 49.4 (prior 49.2)