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China's Official Non-Manufacturing PMI Expands in June

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Business activity in China's non-manufacturing sector expanded in June, with the official non-manufacturing Purchasing Managers' Index (PMI) coming in at 50.2, according to data from the National Bureau of Statistics released on Tuesday.

A reading above 50 indicates expansion, while a figure below signals a contraction.

The latest print beat the consensus forecast of 49.9 tracked by Investing.com, and compared with the 50.1 recorded in the previous month.

By industry, the business activity index for the services sector rose to 50.4 from 50.3 in May. The subindex for the construction industry remained in contraction territory at 49, but improved from the 48.8 reading in May.

Among the main sub-indices, the new orders index climbed to 48 from 45, the input price index fell to 49.7 from 52.2, the employment index edged up to 45.8 from 45.6, while the business activity expectation index came in at 55.3, up from 54.8 in May.

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