Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China's non-manufacturing PMI up in March

March 31, 2021


Abstract : The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 56.3 in March, up from 51.4 of February, the National Bureau of Statistics(NBS) said Wednesday.

BEIJING, March 31 (Xinhua) -- The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 56.3 in March, up from 51.4 of February, the National Bureau of Statistics(NBS) said Wednesday.

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

In March, the sub-index for business activities in the services sector stood at 55.2, up from 50.8 in February.

The surge reflects a faster recovery in the services sector as epidemic control efforts paid off and consumption demand continued to increase, said Zhao Qinghe, senior statistician at NBS.

In breakdown, the sub-indexes for business activities in railway and air transportation, telecommunications and satellite transmission as well as financial services came in at above 60, indicating rapid growth of business volume in these areas.

Wednesday's data also showed that the PMI for China's manufacturing sector came in at 51.9 in March, edging up from 50.6 in February. Enditem

Scan the QR code and push it to your mobile phone

Keyword: PMI China's non-manufacturing PMI

Reading:

Bank of China net profit up 2.92 pct in 2020

China donates money to Fiji for post-cyclone reconstruction

Interview: Singapore welcomes China's interest in deepening economic cooperation with Asia-Pacific countries: FM

FMs of four Asian countries to visit China

China-donated Sinopharm COVID-19 vaccines arrive in Ethiopia

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial