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China's non-manufacturing sector growth rises

Last Updated: Saturday, November 3, 2012 - 13:23

Beijing: The Purchasing Managers Index (PMI) of China's non-manufacturing sector was 55.5 percent in October, up 1.8 percentage points from September, an official survey showed Saturday.

The monthly figure, a key economic indicator, was released by the China Federation of Logistics and Purchasing (CFLP), reported Xinhua.

A PMI reading above 50 percent indicates expansion from the previous month, while readings below this mark indicate contraction.

IANS

First Published: Saturday, November 3, 2012 - 13:19
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