The purchasing managers index for China’s non-manufacturing sector rebounded after falling for three consecutive months, according to official data released yesterday.
The non-manufacturing PMI was 54.1 percent in July, up from 53.9 percent for June, according to the National Bureau of Statistics and the China Federation of Logistics and Purchasing.
A PMI reading above 50 percent indicates expansion, while a reading below 50 percent indicates contraction.
The CFLP said China’s service sector is becoming increasingly active — boosting the economy.
In the service sector, the sub-indices for business activity and new orders both rose for two consecutive months, up to 53 percent and 50 percent, respectively.
Information-related consumption increased rapidly during the period, the CFLP said. New types of businesses appearing in the service sector will push growth in the second half, it said.
Construction activity also remained at a high level in July, according to the CFLP, with the sub-index for business activity staying above 58 percent.
China’s non-manufacturing PMI is based on a survey of some 1,200 companies in 27 sectors.
Source: Xinhua
