BEIJING--An official gauge of business activity beyond Chinese factory floors rebounded sharply in March, as the country's crucial service sector showed signs of recovery from the coronavirus outbreak, though construction activity showed signs of recovery from the coronavirus outbreak.
China's official nonmanufacturing purchasing managers index climbed to 52.3 in March from a record-low reading of 29.6 in February, the National Bureau of Statistics said Tuesday. March's reading shows expansion, coming in above the 50 level.
The subindex measuring business activity in the service sector jumped to 51.8 from 30.1 in February, while the subindex measuring construction activity was 28.5 in March from 55.1. The new-orders subindex for the entire nonmanufacturing sector, a measure of demand, increased to 49.2 from 26.5 in February. A subindex measuring employment rose to 47.7 from 37.9.
The nonmanufacturing PMI covers services such as retail, aviation and software as well as the real-estate and construction sectors. The data are based on the replies to monthly questionnaires sent to purchasing executives at 4,000 companies in 37 nonmanufacturing sectors.
The official manufacturing PMI, also released Tuesday, climbed to 52 in March from 35.7 in February.
Corrections & Amplifications
This story was corrected at 2254 GMT incorrectly said China's construction activity remained soft in the first paragraph. It also said that the subindex measuring construction activity was 28.5 in March from 26.6 in the third paragraph.
An official gauge of business activity beyond Chinese factory floors rebounded sharply in March, as the country's crucial service sector and construction activity showed signs of recovery from the coronavirus outbreak. The subindex measuring business activity in the service sector jumped to 51.8 from 30.1 in February, while the subindex measuring construction activity rose by 28.5 in March to 55.1. "China's Service Activity Rebounds Strongly in March," at 0120 GMT, incorrectly said China's construction activity remained soft in the first paragraph and the subindex measuring construction activity was 28.5 in March from 26.6 in the third paragraph.
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