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1st LD: China's non-manufacturing PMI rises to 52.2 in December

0 Comment(s)Print E-mail Xinhua, December 31, 2024
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BEIJING, Dec. 31 (Xinhua) -- The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 52.2 in December, up from 50 in November, official data showed Tuesday.

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

The service sector picked up pace in expansion, with its sub-index standing at 52 in December, up from 50.1 in November and the highest level since April, according to the National Bureau of Statistics (NBS).

A breakdown of the data showed that air transport, telecommunications, radio, television, satellite transmission services, monetary and financial services, insurance, and other industries saw rising indices above 60, and the total business volume maintained rapid growth.

Meanwhile, those related to resident services logged a contraction compared to the previous month.

In December, the sub-index of construction was also back to expansion, with a reading of 53.2 from 49.7 in November, according to NBS data.

Tuesday's data also showed the country's manufacturing PMI came in at 50.1 in December. Enditem

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