arabtoday
Last Updated : GMT 13:42:21
Arab Today, arab today
Arab Today, arab today

China\'s non-manufacturing PMI rebounds in April

Arab Today, arab today

Arab Today, arab today China\'s non-manufacturing PMI rebounds in April

Beijing - XINHUA

The purchasing managers' index (PMI) for China's non-manufacturing sector gained 0.3 from a month earlier to make 54.8 in April. A PMI reading above 50 indicates expansion, while a reading below 50 reflects contraction. The index, tracking activity in a number of sectors, including construction, software, aviation, railway transport and real estate, is compiled by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP). CFLP Vice Chairman Cai Jin attributed the rebound to the warming of tertiary industry and the recovering market demand against the backdrop that China's economic growth has shown signs of stabilizing after an array of grim indicators at the beginning of the year. The logistics-related industries has picked up pace, while wholesale and retail sector was vitalized, Cai said, noting the dynamic activities, along with the mild change in price index, will contribute to stable economic growth. The sub-index for tertiary sector climbed 0.6 month on month to 53.4, while that of the construction sector stood at 60.9, indicating dynamic activities despite being 0.4 down from the previous month. The index of new orders was flat at 50.8, as demand from the tertiary sector recovered slightly but sectors including catering and transportation were lackluster. The index for business outlook remained unchanged at 61.5, marking optimism among non-manufacturing enterprises about the market in the next three months. Wu Wei, analyst from China Logistics Information Center, thought the improved index suggest consumption has started to look up, especially in tourism sectors which are expected to be driven higher due to the three-day Workers' Day holiday. China's non-manufacturing sector still maintains the advancing impetus as shown in the indices, Wu said, but stressing the necessity of implementing favorable measures to prop growth as the index of new orders lingers around 50 and the increase in tertiary sector was limited. China's PMI for manufacturing sector increased to 50.4 in April, marking the second consecutive monthly uptick after three months of declines. The economy expanded 7.4 percent year on year in the first quarter, slowing but outpacing market expectations and leading global growth.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china\s nonmanufacturing pmi rebounds in april Arab Today, arab today china\s nonmanufacturing pmi rebounds in april

 



Arab Today, arab today
Arab Today, arab today Adidas Originals ‘reinterpreted’

GMT 14:52 2016 Thursday ,01 December

Adidas Originals ‘reinterpreted’
Arab Today, arab today Holiday magic is everywhere

GMT 13:04 2016 Saturday ,03 December

Holiday magic is everywhere
Arab Today, arab today Paris's matchbox apartments

GMT 10:37 2016 Saturday ,24 September

Paris's matchbox apartments
Arab Today, arab today As nearly 20,000 children flee Aleppo

GMT 07:50 2016 Saturday ,03 December

As nearly 20,000 children flee Aleppo
Arab Today, arab today What next after landmark

GMT 09:01 2016 Saturday ,03 December

What next after landmark
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Dino-killing crater shows clues

GMT 14:43 2016 Thursday ,24 November

Dino-killing crater shows clues
Arab Today, arab today For Yazidi women left behind

GMT 08:00 2016 Saturday ,03 December

For Yazidi women left behind
Arab Today, arab today Green groups pressure Spain

GMT 13:01 2016 Thursday ,01 December

Green groups pressure Spain
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Hyundai allows Saudi journalists

GMT 15:14 2016 Thursday ,01 December

Hyundai allows Saudi journalists
Arab Today, arab today Latest Infiniti QX to compete

GMT 13:16 2016 Saturday ,26 November

Latest Infiniti QX to compete
Arab Today, arab today Austria's race against time

GMT 11:44 2016 Thursday ,01 December

Austria's race against time
Arab Today, arab today Car manufacturers to power Europe

GMT 13:01 2016 Tuesday ,29 November

Car manufacturers to power Europe

GMT 12:45 2016 Tuesday ,29 November

To find German funny bone

GMT 13:52 2016 Monday ,28 November

Punk memorabilia torched

GMT 04:15 2016 Thursday ,30 June

World's largest uncut diamond fails

GMT 12:39 2016 Friday ,25 November

Arctic 9-12C above normal

GMT 15:59 2015 Wednesday ,27 May

Seoul elevates gardening to high art

GMT 12:39 2016 Saturday ,26 November

Skin patch could help kids

GMT 13:19 2016 Monday ,21 November

New nationalism stoking fears

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 09:53 2016 Sunday ,15 May

OMEGA official timekeepers
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Powered and Developed by FilmMatters

Copyright © 2016 Arabtoday

Developed by FilmMatters

© 2016 Arabtoday

arabtoday arabtoday arabtoday
arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabtoday, Arabtoday, Arabtoday