The story appears on

Page A9

July 2, 2015

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Finance

Servce PMI shows improvement in June

CHINA’S service sector activity improved in June, an official monthly survey showed yesterday.

The purchasing managers’ index for the non-manufacturing sector expanded to 53.8 in June, up from 53.2 for May, and 53.4 for April, according to a report released jointly by the National Bureau of Statistics and the China Federation of Logistics and Purchasing.

The rise ended three months of straight drops since March, when the non-manufacturing PMI began to fall as services that had boomed during the Chinese New Year holiday in February waned.

The non-manufacturing PMI tracks the activities of services and construction firms. A reading above 50 indicates expansion.

Zhao Qinghe, a senior analyst at the bureau, said the reading showed the non-manufacturing sector grew at a faster pace.




 

Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend