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China's non-manufacturing sector slows in April

(Xinhua)

16:21, May 03, 2012

China's non-manufacturing sector continued to expand in April but the growth slowed from the previous month, the China Federation of Logistics and Purchasing (CFLP) said Thursday.

The non-manufacturing sector's Purchasing Managers Index (PMI), a key economic indicator, fell 1.9 percentage points from March to 56.1 percent, according to a CFLP statement.

A PMI reading above 50 percent indicates expansion from the previous month, while readings below this mark indicate a contraction.

Taking account of seasonal factors, the index had increased for two consecutive months before retreating in April.

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