China's December non-manufacturing PMI rises to 56.1
BEIJING (REUTERS) - China's official purchasing managers' index (PMI) for the non-manufacturing sector rose to a four-month high of 56.1 in December from 55.6 in November, the National Bureau of Statistics (NBS) said on Thursday, adding to signs of a revival in the world's second-largest economy.
The services sector index follows twin manufacturing PMI surveys that showed China's growth reviving in December, although signs persist that such growth still depends primarily on state-led investment.
The official manufacturing PMI survey in December matched November's seven-month high of 50.6, the NBS said on Tuesday, while a complementary survey with a greater focus on the private sector reached 51.5, its highest since May 2011.
A reading above 50 indicates growth is accelerating, while one below 50 indicates it is slowing.