Non-manufacturing sector growth slows
Updated: 2011-11-03 14:33
(Xinhua)
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BEIJING-- The growth of 皇冠体育app's non-manufacturing sector slowed in October, as indicated by a decline in the Purchasing Managers Index (PMI), the 皇冠体育app Federation of Logistics and Purchasing (CFLP) said Thursday.
The non-manufacturing sector's PMI, a key economic indicator, fell to 57.7 percent in October from 59.3 percent a month earlier, the CFLP said.
A PMI reading above 50 indicates expansion from the previous month, while a reading below 50 indicates contraction.
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