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China Non-manufacturing Industries Expand at Faster Pace
Aug 3, 2010 15:37Source:SMM
BEIJING, Aug. 3 -- China's non-manufacturing industries expanded at a faster pace in July.
A purchasing managers' index released today by the China Federation of Logistics and Purchasing rose to 60.1 from 57.4 in June. A number above 50 indicates an expansion and below 50 a contraction.
The federation's non-manufacturing PMI is based on data compiled from purchasing executives from 1,191 companies in 20 sectors including building, manufacturing services and consumer services. The figures aren't seasonally adjusted.
China economy macroeconomy
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