Servce PMI shows improvement in June
Print Edition
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.
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