1st LD: China's non-manufacturing PMI back to expansion territory in June

0 Comment(s)Print E-mail Xinhua, June 30, 2022
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BEIJING, June 30 (Xinhua) -- The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 54.7 in June, up from 47.8 in May, the National Bureau of Statistics (NBS) said Thursday.

A reading above 50 indicates expansion, while a reading below it reflects contraction.

As the epidemic prevention and control situation in China continues to improve, and policies and measures to stabilize the economy are taking effect, China's overall economic recovery has picked up pace, NBS senior statistician Zhao Qinghe said.

The sub-index for the service sector stood at 54.3 in June, up from 47.1 in May, NBS data showed.

Thursday's data also showed the PMI for the manufacturing sector came in at 50.2 in June, up from 49.6 in May. Enditem

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