China’s Non-Manufacturing Sector Official PMI In September Rises To 55.4
Activity in the Chinese non-manufacturing sector, which includes construction, transport and telecommunications, expanded in September, with the official purchasing managers’ index, or PMI, rising to 55.4, according to data released by the China Federation of Logistics and Purchasing.
The non-manufacturing PMI had dropped to 53.9 in August from 54.1 in July. A reading above 50 indicates expansion.
The latest data showed growth in the country's services sector remained stronger in comparison with the manufacturing sector, as the official PMI in the latter inched up a fraction of a point to 51.1 in September -- falling below expectations of a reading of 51.5 -- from a 51.0 reading in August.
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