China's non-manufacturing PMI drops
(Xinhua) Updated: 2014-04-03 09:43BEIJING -- The purchasing managers' index (PMI) for China's non-manufacturing sector dropped 0.5 percentage point from a month earlier to 54.5 percent in March, new data showed Thursday.
The index tracks activity in non-manufacturing sectors, including construction, software, aviation, railway transport and real estate, according to the China Federation of Logistics and Purchasing.
A PMI reading above 50 percent indicates expansion, while a reading below 50 percent reflects contraction.
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