China's non-manufacturing activities pick up in March
Beijing, Mar 31 (Xinhua/UNI) The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 54.8 in March, up from 54.3 in February, the National Bureau of Statistics (NBS) said Sunday.
A reading above 50 indicates expansion, while a reading below reflects contraction.
The service sector recorded stable performance, with the sub-index measuring business activity in the industry standing at 53.6, up from 53.5 in February.
Indices for sectors including railway, telecom, banking and insurance all stood above 57, indicating robust business growth.
The sub-index for new orders in the service sector came in at 51.5, up from 50.5 in February, according to the NBS.
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