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China's non-manufacturing PMI drops to 56% in November

English.news.cn   2013-12-03 09:19:20            

BEIJING, Dec. 3 (Xinhua) -- The purchasing managers index (PMI) for China's non-manufacturing sector stood at 56 percent in November, down from 56.3 percent for October, according to official data released on Tuesday.

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

The monthly indicator is released by the National Bureau of Statistics and the China Federation of Logistics and Purchasing.

Editor: Yang Yi
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