Pullback in construction, services lowers China's nonmanufacturing PMI

01/5/2014 | Xinhuanet.com (China)

China's nonmanufacturing purchasing managers index slipped to 54.6% in December from 56% the previous month, but the decline was traced to a seasonal slowdown in the construction and service sectors. "However, market demand remained relatively stable, as indicated by a flat index for new orders," commented Cai Jin, vice chairman of the China Federation of Logistics and Purchasing, which helped compile the index.

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