China’s non-manufacturing sector shrinks

Beijing, June 3 (IANS) China’s non-manufacturing sector shrank slightly in May, according to new data released Monday.

The purchasing managers index (PMI) for the non-manufacturing sector stood at 54.3 percent in April, down from 54.5 percent for the previous month, the National Bureau of Statistics said in a 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.

Leave a comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.