The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 51.4 in February, up from 50.7 in January, the National Bureau of Statistics said Friday. A reading above 50 indicates expansion, while a reading below 50 reflects contraction.
The sub-index for the service sector stood at 51 in February, up 0.9 percentage points from the previous month. Industries closely related to travel and consumption during the Spring Festival holiday were brisker last month, said senior NBS statistician Zhao Qinghe.
Zhao said the sub-indices of retail sales, rail transport, road transport, catering, ecological protection and the management of public facilities all stood above 53.—APP
