1st LD: China's non-manufacturing PMI down in March-Xinhua

1st LD: China's non-manufacturing PMI down in March

Source: Xinhua

Editor: huaxia

2022-03-31 12:22:11

A staff member makes takeout food at a restaurant in Xi'an, capital of northwest China's Shaanxi Province, Jan. 13, 2022. (Xinhua/Li Yibo)

BEIJING, March 31 (Xinhua) -- The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 48.4 in March, down from 51.6 in February, the National Bureau of Statistics (NBS) said Thursday.

A reading above 50 indicates expansion, while a reading below it reflects contraction.

Business activities in the non-manufacturing sector were affected by COVID-19 resurgences, according to NBS senior statistician Zhao Qinghe.

In March, the sub-index for business activities in the services sector stood at 46.7, down 3.8 percentage points from that in February.

The overall business expectation of the construction sector strengthened, with the sub-index for business activities in the sector standing at 58.1 in March, increasing by 0.5 percentage points from the previous month.

Thursday's data also showed that the PMI for China's manufacturing sector came in at 49.5 in March, down from 50.2 in February. 

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