China non-manufacturing PMI rises in December, manufacturing PMI retreatsStaff writer ▼ | January 2, 2015
China's service sector activity slightly recovered in December, an official monthly survey showed on.
Statistics A reading above 50 indicates expansion
However, the reading was still above the 50 percent boom-bust line, which separates expansion from contraction on a monthly basis. A reading above 50 indicates expansion, while a reading below 50 represents contraction.
The PMI samples 1,200 non-manufacturing enterprises of various sizes nationwide. It tracks activity in sectors including services, construction, software, aviation, railway transport and real estate.
The sub-index for construction industry fell to 57.1 in December from 58.9 in November, while sub-index for services rose to 53.3 in December from 52.6 in November. New order sub-index for the entire non-manufacturing sector rose to 50.5 in December from 50.1 in November.
Chinese manufacturing activity waned slightly in December but is still expanding.
The manufacturing purchasing manager's index (PMI), a key measure of factory activity in China, posted 50.1 in December, down from 50.3 in November, according to data released by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP).
A reading above 50 indicates expansion, while a reading below 50 represents contraction.
The PMI of large manufacturers posted 51.4, down from 51.6 in November. That of medium enterprises stood at 48.7, up from 48.4 in November, but still contracting. The PMI of small manufacturers slumped to 45.5, down from 47.6 in November, and remained in the contraction territory, the NBS said. The production sub-index posted at 52.2 percent, down from 52.5 in November.
The sub-index for new orders slipped to 50.4, down from 50.9 in November. The employment sub-index was 48.1, down from 48.2 in November. ■