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Business sentiment in 4 sectors falls sharply
By Lilith Hu |
November 27, 2012, Tuesday
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Print Edition
Print Edition
CHINA'S business sentiment in the property, telecommunication, oil and gas sectors weakened sharply in November, JPMorgan Chase said.
The monthly reading of business conditions fell significantly to 49.2 this month from October's 61.2, dragged down by the heavily-weighted housing and energy sectors in the index, according to the bank's research published yesterday.
But the US bank said November's reading was still higher than the 48.5 in September and the 44.2 in August. A reading above 50 indicates positive conditions while one below 50 suggests the opposite.
The monthly reading of business conditions fell significantly to 49.2 this month from October's 61.2, dragged down by the heavily-weighted housing and energy sectors in the index, according to the bank's research published yesterday.
But the US bank said November's reading was still higher than the 48.5 in September and the 44.2 in August. A reading above 50 indicates positive conditions while one below 50 suggests the opposite.
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