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Non-manufacturing sector continues to improve
Published on: 2013-01-03
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altChina's non-manufacturing sector continued to improve in December, adding to signs of a rebound in the world's second largest economy, an official survey showed Thursday.
 
The Purchasing Managers Index of the non-manufacturing sector was 56.1 percent in December, up 0.5 percentage points from November, the China Federation of Logistics and Purchasing said.
 
The figure marked a rise of three consecutive months. A PMI reading above 50 percent indicates expansion from the previous month, while a reading below 50 percent indicates contraction.
 
Cai Jin, vice chairman of the CFLP, said that the figure showed a continued rebound and accelerating growth in the non-manufacturing sector.
 
Most of the sub-indices saw gains, with the sub-index for new orders hitting the year's high at 52.5 percent.
 
The sub-index for new export orders stayed above 50 percent for the second months, while the employment sub-index rose for the third straight month to reach 52.1 percent.
 
Two sub-indices, including that for business activity expectations and in-hand orders, either stayed unchanged or dropped from the previous month.
 
The figures followed Tuesday's release of the manufacturing sector PMI, which remained unchanged at 50.6 percent from November but was the third consecutive month for it to stay above 50 percent.
 
The CFLP's non-manufacturing PMI is based on a survey of about 1,200 companies in 27 industries, including transportation, real estate, catering and software development. 
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