China non-manufacturing activity expands more slowly in April - official PMI


Reuters | Updated: 30-04-2023 07:14 IST | Created: 30-04-2023 07:14 IST
China non-manufacturing activity expands more slowly in April - official PMI

China's non-manufacturing activity expanded at a slower pace in April, official data showed on Sunday, a discouraging sign for policymakers counting on services consumption to offset frailty in the factory sector amid slack global demand.

The official non-manufacturing purchasing managers' index (PMI) stood at 56.4 versus 58.2 in March, according to data from the National Bureau of Statistics, above the 50-point mark that separates expansion and contraction in activity on a monthly basis.

The official composite PMI, which includes manufacturing and services, stood at 54.4, compared with 57.0 in March.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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