China's official nonmanufacturing Purchasing Managers' Index rose to 55.0 in February from 53.4 in January, according to a statement Monday from the China Federation of Logistics and Purchasing.
A reading above 50 indicates expansion on the previous month and anything below indicates contraction. The nonmanufacturing PMI covers services including retail, aviation and software as well as the real-estate and construction sectors.
The subindex for services increased to 53.8 from 51.5 and the subindex for construction fell to 59.9 from 61.0, the federation said in a statement.
The new orders subindex for the entire nonmanufacturing sector rose to 51.4 from 50.9. The new export orders subindex for the sector dropped to 48.3 from 50.1.
The data are based on replies to monthly questionnaires sent to purchasing executives in 1,200 companies in 27 nonmanufacturing sectors.
The figures were issued after the federation announced Saturday its official manufacturing PMI--which fell to 50.2 in February from 50.5 in January.
The federation issues the data along with the National Bureau of Statistics
A reading above 50 indicates expansion on the previous month and anything below indicates contraction. The nonmanufacturing PMI covers services including retail, aviation and software as well as the real-estate and construction sectors.
The subindex for services increased to 53.8 from 51.5 and the subindex for construction fell to 59.9 from 61.0, the federation said in a statement.
The new orders subindex for the entire nonmanufacturing sector rose to 51.4 from 50.9. The new export orders subindex for the sector dropped to 48.3 from 50.1.
The data are based on replies to monthly questionnaires sent to purchasing executives in 1,200 companies in 27 nonmanufacturing sectors.
The figures were issued after the federation announced Saturday its official manufacturing PMI--which fell to 50.2 in February from 50.5 in January.
The federation issues the data along with the National Bureau of Statistics