| China's non-manufacturing sector slows in Feb |
| Last Updated(Beijing Time):2012-03-03 09:26 |
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Business activities in China's non-manufacturing sector slowed sharply in February on waning market demands after the Spring Festival, the China Federation of Logistics and Purchasing (CFLP) said Saturday.
The non-manufacturing sector's Purchasing Managers Index (PMI), a key economic indicator, fell to 48.4 percent from 52.9 percent from January, the CFLP said.
A PMI reading above 50 percent indicates expansion from the previous month, while below indicates contraction. |
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