Latest News
China's non-manufacturing PMI up in May
Last Updated: 2021-05-31 10:50 | Xinhua
 Save  Print   E-mail
The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 55.2 in May, up 0.3 percentage points from the April figure, the National Bureau of Statistics (NBS) said Monday.
 
A reading above 50 indicates expansion, while a reading below reflects contraction.
 
The expansion reflects a faster recovery in the services sector as epidemic control efforts paid off and consumption demand continued to increase boosted by the Labor Day holiday, said NBS senior statistician Zhao Qinghe.
 
In May, the sub-index for business activities in the services sector stood at 54.3, down 0.1 percentage points from that in April.
 
In breakdown, the sub-indexes for business activities in railway and air transportation, accommodation, telecommunications and satellite transmission as well as culture, sports and entertainment came in at above 60, indicating rapid growth of business volume in these sectors.
 
Monday's data also showed that the PMI for China's manufacturing sector came in at 51 in May, down from 51.1 in April. 
 

(Editor:Wang Su)

Share to 
0
Related Articles:
BACK TO TOP
  • Sports
  • Soccer
  • Basketball
  • Tennis
  • Formula One
  • Athletics
  • Others
  • Entertainment
  • Celebrity
  • Movie & TV
  • Music
  • Theater & Arts
  • Fashion
  • Beauty Pageant
Edition:
Link:    
About CE.cn | About the Economic Daily | Contact us
Copyright 2003-2020 China Economic Net. All right reserved
China's non-manufacturing PMI up in May
Source:Xinhua | 2021-05-31 10:50
Share to 
0