China's non-manufacturing sector shrinks
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China's non-manufacturing sector shrinks

Last Updated: Friday, May 03, 2013, 13:01
 
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China's non-manufacturing sector shrinks
Beijing: China's non-manufacturing sector shrank in April, according to figures issued Friday.

The purchasing managers index (PMI) for the non-manufacturing sector stood at 54.5 percent in April, down 1.1 percentage points from the previous month, the National Bureau of Statistics said in an online statement.

A PMI reading above 50 percent indicates expansion, while a reading below 50 percent indicates contraction, reported Xinhua.

IANS



First Published: Friday, May 03, 2013, 12:59


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