China’s non-manufacturing sector holds steady in April | Daily News

China’s non-manufacturing sector holds steady in April

China’s non-manufacturing activities eased pace but maintained steady expansion in April. The non-manufacturing purchasing managers’ index came in at 54.3 this month, down from 54.8 in March, the National Bureau of Statistics (NBS) said in a statement Tuesday.

A reading above 50 indicates expansion, while below reflects contraction. “Steady momentum for the sector continues, as the index stood above the relatively high expansion range of 54 percent for the fourth consecutive month,” said NBS senior statistician Zhao Qinghe.

The service sector recorded stable performance, with the sub-index measuring business activity in the industry standing at 53.3, down 0.3 percentage points from March. (chinadaily.com.cn)


 

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