After adjusting for seasonal factors, the HSBC China Services Business Activity Index posted 52.5 in November, little-changed from 52.6 in October. This signalled a further moderate increase in business activity in the Chinese service sector. Although growth remained relatively weak in comparison to the historical average, it was still one of the strongest rates of expansion in 2013 so far. According to a number of panellists, stronger market demand boosted activity levels in the latest survey period.
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
