China's non-manufacturing sector growth slows

Thu, Nov 3 2011 14:18 IST | 82 Views | Add your comment
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Beijing, Nov 3

The growth of China's non-manufacturing sector slowed in October, as indicated by a decline in the Purchasing Managers Index (PMI), authorities said.

The non-manufacturing sector's PMI, a key economic indicator, fell to 57.7 percent in October from 59.3 percent a month earlier, said the China Federation of Logistics and Purchasing.

A PMI reading above 50 indicates expansion from the previous month, while a reading below 50 indicates contraction, said Xinhua.

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