Beijing, May 3 (IANS) China’s non-manufacturing sector shrank in April, according to figures issued Friday.
The purchasing managers index (PMI) for the non-manufacturing sector stood at 54.5 percent in April, down 1.1 percentage points from the previous month, the National Bureau of Statistics said in an online statement.
A PMI reading above 50 percent indicates expansion, while a reading below 50 percent indicates contraction, reported Xinhua.
The opinions, beliefs and viewpoints expressed by authors, news service providers on this page do not necessarily reflect the opinions, beliefs and viewpoints of Hill Post. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual.
Hill Post makes no representations as to the accuracy or completeness of any information on this site page.
