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China's non-manufacturing PMI goes down

Posted on Aug 03 2014 | IANS

Beijing, Aug 3 : China's non-manufacturing activity has slightly slowed in July, with the sector's purchasing managers' index (PMI) retreating to 54.2 from 55 in June, official data showed Sunday.

The non-manufacturing PMI, compiled by the National Bureau of Statistics and the China Federation of Logistics and Purchasing, tracks activity in sectors, including construction, software, aviation, railway transport and real estate, reports Xinhua.

The reading marked the lowest level in six months, but still well above the 50-threshold that demarcates expansion and contraction.

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