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China non-manufacturing PMI drops to 53.4 in August

byCustoms Today Report
02/09/2015
in Latest News
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BEIJING: China’s service sector activity weakened further in August, an official monthly survey showed Tuesday.

The purchasing managers’ index (PMI) for the non-manufacturing sector fell to 53.4 in August, down from 53.9 for July, according to a report released jointly by the National Bureau of Statistics and the China Federation of Logistics and Purchasing.

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A reading above 50 indicates expansion, while a reading below 50 represents contraction.

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