Text: | Print|

    China's non-manufacturing PMI drops in November

    2013-12-03 10:53 Xinhua Web Editor: qindexing
    1

    The purchasing managers index (PMI) for China's non-manufacturing sector stood at 56 percent in November, down from 56.3 percent for October, according to official data released on Tuesday.

    A PMI reading above 50 percent indicates expansion, while a reading below 50 percent indicates contraction.

    The non-manufacturing PMI tracks service, construction, software, aviation, railway transport and real estate among other sectors, according to the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP).

    China's manufacturing PMI was 51.4 percent in November, the same as that in October and the highest for 19 consecutive months, showed NBS figures on Sunday.

    Cai Jin, CFLP vice chairman, said construction and information services are becoming increasingly active, and the non-manufacturing sector is absorbing more labor.

    The sub-index for new orders dropped 0.6 percentage points to 51 percent in November. But the sub-index for new export orders gained 0.5 percentage points to 49.9 percent in November.

    Comments (0)
    Most popular in 24h
      Archived Content
    Media partners:

    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.

    主站蜘蛛池模板: 四会市| 松滋市| 巴彦淖尔市| 雷波县| 永福县| 莆田市| 共和县| 胶州市| 嘉峪关市| 浦城县| 大方县| 乌拉特后旗| 仙桃市| 塔城市| 辉南县| 海林市| 呼伦贝尔市| 衡山县| 保靖县| 祁阳县| 彭泽县| 定陶县| 大埔县| 泰宁县| 南投市| 和田市| 蓬溪县| 舟山市| 吕梁市| 昂仁县| 灌阳县| 锡林郭勒盟| 疏附县| 溧水县| 苗栗县| 海城市| 巴南区| 越西县| 淳化县| 将乐县| 海盐县|