Loading
7-Sep-2010 11:36 AM

China's economic expansion continues for sixth month

China's Federation of Logistics and Purchasing stated the purchasing managers’ index (PMI) for China’s non-manufacturing sector remained stable at 60.1% in Aug-2010, compared with Jul-2010 (Xinhua, 03-Sep-2010). A PMI of above 50% indicates economic expansion while a PMI of below 50% indicates economic contraction. China’s Aug-2010 PMI is the sixth consecutive month the country’s PMI is above 50%.

China Federation of Logistics and Purchasing: “The non-manufacturing PMI remained at a high level in August, which reflects the steady performance of the construction and service sectors," Cai Jin, Deputy Chairman. Source: Xinhua, 03-Sep-2010.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More