05.09.2013, 00:57
China August Non-Manufacturing PMI Falls to 53,9%
OREANDA-NEWS. September 05, 2013. 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.
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.
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.
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