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Economy

China's non-manufacturing PMI up in December

December 31, 2021


Abstract : The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 52.7 in December, up from 52.3 in November, the National Bureau of Statistics said Friday.

BEIJING, Dec. 31 (Xinhua) -- The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 52.7 in December, up from 52.3 in November, the National Bureau of Statistics said Friday.

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

The overall business climate in the non-manufacturing sector has rebounded this month, according to NBS senior statistician Zhao Qinghe.

The services sector witnessed a faster recovery. In December, the sub-index for business activities in the services sector reached 52, up 0.9 percentage points from that in November.

The construction industry expanded at a slower pace, with the sub-index for business activities in the construction sector standing at 56.3 in December, 2.8 percentage points lower from the previous month.

Friday's data also showed that the PMI for China's manufacturing sector came in at 50.3 in December, up from 50.1 in November. Enditem

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Keyword: PMI

Reading:

Yearender-High-quality Development: China's foreign trade shows strong resilience, big boon for world economic growth

​China's manufacturing PMI bounces back to expansion territory amid stable price, better power supply

China's factory activity rebounds as energy crunch eases

China's non-manufacturing PMI down in November

China's manufacturing PMI rises to 50.1 in November

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