China Non-Manufacturing PMI Falls For Second Straight Month
06/03/2012| 05:48am US/Eastern
By Paul Mozur
China's official non-manufacturing Purchasing Managers Index fell for the second consecutive month in May, another sign of economic slowdown in the world's second-largest economy.
The index fell 0.9 points to 55.2 in May from 56.1 in April, the National Bureau of Statistics, which issues the data along with the China Federation of Logistics and Purchasing, said on its website.
An indicator of growth for the non-manufacturing sector, A PMI reading above 50 indicates an expansion in non-manufacturing activity from the previous month, while a reading below indicates a contraction.
The drop in non-manufacturing PMI growth follows last week's weaker-than-expected official PMI results, which measure manufacturing activity.
-By Paul Mozur, Dow Jones Newswires; 86 10 8400 7702; firstname.lastname@example.org