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China's January non-manufacturing PMI drops to 52.9 pct

(Xinhua)

10:12, February 03, 2012

BEIJING, Feb. 3 (Xinhua) -- The growth of China's non-manufacturing sector slowed in January, as indicated by the drop of the Purchasing Managers Index (PMI), the China Federation of Logistics and Purchasing (CFLP) said Friday.

The non-manufacturing sector's PMI, a key economic indicator, fell to 52.9 percent in January from 56 percent one month earlier, the CFLP said.

A PMI reading above 50 percent indicates expansion from the previous month, while below indicates contraction.

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