China's non-manufacturing PMI drops in January
The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 52.4 in January, down from 55.7 in December, the National Bureau of Statistics (NBS) said Sunday.
A reading above 50 indicates expansion, while a reading below it reflects contraction.
The non-manufacturing PMI has remained above 50 for 11 consecutive months, data from the NBS showed. Enditem