China’s non-manufacturing PMI stays at 53.4

Beijing, Oct 1 (IANS) China’s service sector activity held steady in September, an official monthly survey showed on Thursday.

The purchasing managers’ index (PMI) for the non-manufacturing sector stayed at 53.4 in September, unchanged from August, Xinhua reported citing a report released jointly by the National Bureau of Statistics and the China Federation of Logistics and Purchasing.

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

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