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
Data

China's non-manufacturing activity continues to gain steam

June 01, 2018


Abstract : Activity in China's non-manufacturing sector continued to gain steam in May, with the industry expanding at a faster pace for a third consecutive month, official data showed Thursday.

BEIJING, May 31 (Xinhua) -- Activity in China's non-manufacturing sector continued to gain steam in May, with the industry expanding at a faster pace for a third consecutive month, official data showed Thursday.

The sector's purchasing managers' index (PMI) rose from 54.8 in April to 54.9 this month, the National Bureau of Statistics (NBS) said in a statement. A reading above 50 indicates expansion, while a reading below that reflects contraction.

The pace of expansion was also higher than the 54.5 for May 2017.

The service sector, which accounts for more than half of the country's GDP, showed sound momentum, with the sub-index measuring business activity in the industry rising to 54 from 53.8 in April.

The NBS attributed the strong growth to robust consumption during the period.

The sub-index for new orders rose 0.1 point from the previous month to 50.4, showing faster growth in market demand.

Faster expansion was also seen in air transportation, courier services, telecommunications and software, the NBS said.

Thursday's data also showed the PMI in China's manufacturing sector came in at 51.9 in May, up from 51.4 in April.  Enditem

Scan the QR code and push it to your mobile phone

Keyword: China PMI

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