China official service PMI falls to 9-month low

  • Monday, November 3, 2014
  • Source:ferro-alloys.com

  • Keywords:PMI,economy,China
[Fellow]Activity in China's service sectors continued to moderate in October, with the purchasing managers' index (PMI) for non-manufacturing sector sliding to its lowest print since January, an official survey showed on Nov 3rd.
Activity in China's service sectors continued to moderate in October, with the purchasing managers' index (PMI) for non-manufacturing sector sliding to its lowest print since January, an official survey showed on Nov 3rd.
 
The purchasing managers' index (PMI) for the non-manufacturing sector posted at 53.8 percent last month, down 0.2 percentage points from September, according to a report jointly released by the National Bureau of Statistics and the China Federation of Logistics and Purchasing.
 
However, the reading was still above the 50-percent boom-bust line, which separates expansion from contraction on a monthly basis.
 
The PMI samples 1,200 non-manufacturing enterprises of various sizes nationwide. It tracks activity in sectors including services, construction, software, aviation, railway transport and real estate.
 
The sub-index for the construction industry fell to 58.5 percent in October from 60.2 percent in September. Sub-index for services, however, edged up 0.1 percentage points from September to 52.6 percent last month.
 
New order sub-index for the entire non-manufacturing sector advanced to 51 percent in October, up 1.5 percentage points from the previous month.
  • [Editor:Yueleilei]

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