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China Non-manufacturing Industries Expand at Faster Pace
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.
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