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1st LD-Writethru: China's non-manufacturing PMI edges down

Xinhua, June 1, 2016 Adjust font size:

Business activity in China's non-manufacturing sector expanded at a slower pace in May, official data showed on Wednesday.

The purchasing managers' index (PMI) for the non-manufacturing sector came in at 53.1 in May, down from 53.5 in April and 53.8 in March, but well above the 50 mark that separates expansion and contraction, according to a report released jointly by the National Bureau of Statistics and the China Federation of Logistics and Purchasing.

The non-manufacturing PMI tracks business activity in both the service sector and the construction industry.

The service sector sub-index was 52 in May, down 0.5 point from April, said the report.

Businesses related to wholesale, retail, aviation transport, catering and software technology posted sound growth last month. However, road transport, residential services and repairing industries reported a drop in business volumes.

The sub-index for service new orders rose 0.2 points from one month earlier to 48.6 in May, suggesting stronger demand in the non-manufacturing sector.

The sub-index for construction activity remained unchanged at 59.4 in May, while that for new orders was up 2.1 points to 52.1. Endi