BEIJING - China's Purchasing Managers' Index (PMI) of the non-manufacturing sector rose to 58.4 percent in March, 12 percentage points higher than the previous month, the China Federation of Logistics and Purchasing
(CFLP) said Saturday.
The PMI, designed to provide a real-time snapshot of business conditions, includes a package of indices including new orders, inventory levels, production and others that measure economic performance.
A reading of above 50 percent suggests expansion, while one below 50 percent indicates contraction.
