PMI of non-manufacturing sector rose to 63% in April. China's Purchasing Managers' Index (PMI) for the non-manufacturing sector rose to 63% in April, thereby recording a 4.6% m/m increase.

By bne IntelliNews May 4, 2010
As reported by Asia Pulse, the China Federation of Logistics and Purchasing (CFLP) stated that the rebound was a sign of growing non-manufacturing activity in the country. The new order index increased by 58.7% indicating strong domestic demand within the non-manufacturing sector. Meanwhile, the new export orders index expanded to 57.9% in April due to robust growth in external demand.


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