STOCK MARKET BSE NSE

China's Non-manufacturing Sector Grows at Slower Pace

Business activity in China\'s non-manufacturing sector expanded at slower pace in April.

Published: 01st May 2016 10:56 AM  |   Last Updated: 01st May 2016 10:56 AM   |  A+A-

BEIJING: Business activity in China's non-manufacturing sector expanded at slower pace in April, official data showed on Sunday.

The purchasing managers' index (PMI) for the non-manufacturing sector stood at 53.5 in April, down from 53.8 in March and well above the 50 mark that separates expansion and contraction, according to data released jointly by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing.

The non-manufacturing PMI tracks business activities of both the service sector and the construction industry, Xinhua news agency reported.

The service sector sub-index was 52.5 in April, down 0.6 points from March, said the report.

Businesses related to storage, tourism, accommodation, and telecommunications posted sound growth in April. However, wholesale, catering, insurance and repairing industries reported a drop in business volumes.

The sub-index for service new orders declined 2.4 points from one month earlier to 48.4 in April, suggesting slower demand in the non-manufacturing sector.

The sub-index for construction activity rose 1.4 points to 59.4 in April, while that for new orders was down 0.5 point to 50.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp