2024/7/10
The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 50.5 in June 2024, down from 51.1 in May, data from the National Bureau of Statistics (NBS) showed. A reading above 50 indicates expansion, while a reading below 50 reflects contraction.
NBS senior statistician Zhao Qinghe said the figure remained above the boom-bust line, indicating that China's non-manufacturing activities had continued expanding in June.
The data revealed that the service sector sub-index reading was 50.2 in June, down from 50.5 in May, reflecting a decline in business activity. (Xinhua)
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