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China's non-manufacturing sector shrinks

  •   Mon, Jun 03 2013 03:52:52 PM

Beijing, Jun 3 (IANS): China's non-manufacturing sector shrank slightly in May, according to new data released Monday.

The purchasing managers index (PMI) for the non-manufacturing sector stood at 54.3 percent in April, down from 54.5 percent for the previous month, the National Bureau of Statistics said in a statement.

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

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Title: China's non-manufacturing sector shrinks



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