The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 53 in March 2024, up from 51.4 in February, the National Bureau of Statistics said Sunday.
A reading above 50 indicates expansion, while a reading below 50 reflects contraction.
This latest growth extended the rising trend shown by the non-manufacturing PMI in previous months, adding to the evidence confirming that business activities in China’s non-manufacturing sectors continued to gain steam.
The sub-index for the service sector was 52.4 in March, up from 51 in February and increasing for three consecutive months, the data showed.—APP
