Monday, 2 September 2013

China's August non-manufacturing PMI falls to 53.9 pct

China's non-manufacturing purchasing managers' index (PMI) fell to 53.9 percent in August from 54.1 percent for July, according to official data released on Tuesday.
A PMI reading of more than 50 percent indicates expansion in non-manufacturing activity, while a reading below 50 percent indicates contraction.
The monthly indicator is released by the National Bureau of Statistics and the China Federation of Logistics and Purchasing.
Source: Xinhua

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