China's non-manufacturing PMI drops to 53.9% in June
Updated: 2013-07-03 10:16
(Xinhua)
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BEIJING -- The purchasing managers index (PMI) for China's non-manufacturing sector stood at 53.9 percent in June, down from 54.3 percent for May, according to official data released on Wednesday.
A PMI reading above 50 percent indicates expansion, while a reading below 50 percent indicates contraction.
The statistics were released by the National Bureau of Statistics and the China Federation of Logistics and Purchasing.
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