China non-manufacturing industries expand at faster pace

China's non-manufacturing industries expanded at a faster pace in July.

 
A purchasing managers' index released today by the China Federation of Logistics and Purchasing rose to 60.1 from 57.4 in June. A number above 50 indicates an expansion and below 50 a contraction.

The federation's non-manufacturing PMI is based on data compiled from purchasing executives from 1,191 companies in 20 sectors including building, manufacturing services and consumer services. The figures aren't seasonally adjusted.
(Source:china daily)