China’s Non-manufacturing PMI RisesBeijing, 30 Jun (ONA) — The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 50.5 in June, up 0.2 percentage points from the previous month, official data showed today.
A reading above 50 indicates expansion, while below 50 reflects contraction.
The sub-index for the construction sector came in at 52.8 in June, up 1.8 percentage points from the previous month, according to the National Bureau of Statistics (NBS).
The service sector continued to expand, with its sub-index standing at 50.1 in June, the data showed.
Business activity indices in sectors related to postal services, telecommunications, broadcasting and television, satellite transmission services, internet software and information technology services, monetary and financial services, capital market services, and insurance are all above 55, indicating a relatively high level of prosperity.
In contrast, business activity indices for industries including retail, road transportation, air transportation, accommodation, catering, and real estate are below the boom-bust line.
The new orders index stood at 46.6 in June, an increase of 0.5 percentage points compared to the previous month, indicating a recovery in the market demand for the non-manufacturing sector, according to the NBS data.
Monday’s data also showed that the PMI for China’s manufacturing sector came in at 49.7 in June, up 0.2 percentage points from May.— Ends/Khalid