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![New order sub-index for the entire non-manufacturing sector advanced to 51 per cent in October [Xinhua]](http://thebricspost.com/wp-content/uploads/2014/11/226742382_8.jpg)
New order sub-index for the entire non-manufacturing sector advanced to 51 per cent in October [Xinhua]
The purchasing managers’ index (PMI) for non-manufacturing sector sank to its lowest since January, said figures from China’s National Bureau of Statistics.
The services PMI for October dipped to 53.8 per cent, down 0.2 percentage points from September, although it was still well above the 50 line that separates expansion from contraction.
The PMI samples 1,200 non-manufacturing enterprises of various sizes nationwide. It tracks activity in sectors including services, construction, software, aviation, railway transport and real estate.
The sub-index for the construction industry fell to 58.5 per cent in October from 60.2 per cent in September. Sub-index for services, however, edged up 0.1 percentage points from September to 52.6 per cent last month.
New order sub-index for the entire non-manufacturing sector advanced to 51 per cent in October, up 1.5 percentage points from the previous month.
The government has an economic growth target of 7.5 percent for 2014.
The new leadership has repeatedly said it would accept slower growth as it tries to restructure the economy to be driven by consumer demand, rather than investment, credit and exports.
Source: Agencies
