China's NonManufacturing PMI Rebounds in August

(MENAFN- Qatar News Agency) Beijing September 03 (QNA) - China's non-manufacturing activity improved slightly in August with the sector's purchasing managers' index (PMI) rebounding to 54.4 official data said on Wednesday. The non-manufacturing PMI compiled by the National Bureau of Statistics and the China Federation of Logistics and Purchasing tracks activity in sectors including construction software aviation railway transport and real estate according to China's (Xinhua) News Agency. The reading stopped the losing streak since June and continued to stay above the 50-threshold that demarcates expansion and contraction. China's non-manufacturing PMI slipped to 54.2 in July. (QNA)