5 in March, according to the survey from the Canada Goose

Construction drives China March services PMI higher

BEIJING, April 3 (Reuters) China official purchasing managers canada goose coats on sale index (PMI) for the non manufacturing canada goose uk outlet sector rose to 55.6 in March from 54.5 in February, canada goose clearance sale adding to signs of a modest uptick in the world second largest economy.

The move higher was driven by activity in the construction sector, whose sub index jumped 4.5 points from February to 62.5 in March, according to the survey from the Canada Goose Online National Bureau of Statistics.

The uk canada goose canada goose sale mens construction canada goose uk shop industry has been a major canadian goose jacket beneficiary of government infrastructure spending, with about $150 billion cheap canada goose uk worth of projects given the green light in 2012 as part of an effort to engineer a rebound in economic activity as GDP growth slowed last year to a 13 year low of 7.8 percent.

But the recovery broadly mild nature was evident in overall new orders in the services sector, which nudged up just 0.2 index points to 52.0 in March from February.

A PMI reading above 50 indicates activity is accelerating, while one below 50 indicates it is slowing.

A rise in new orders was broadly evident across multiple service industries, the NBS canada goose store statement cheap Canada Goose said.

Internet and software information industry, the hotel industry, telecommunications, broadcasting, television Canada Goose Parka and satellite transmission services, retailing and real estate industries all saw new orders staying above the 50 point level, suggesting a growing market demand, the statement said.

New orders for the catering, logistics and transportation Canada Goose sale industries fared less well, dipping below the Canada Goose Jackets 50 point level and suggesting a slow down in activity.

Catering services have been under pressure since the buy canada goose jacket government launched an internal canada goose uk black friday austerity drive at canada goose coats the end of last year, designed to cut Canada Goose Outlet down excessive banqueting and gift giving that is often linked to corruption.

The services sector index followed the bureau manufacturing PMI on Monday which missed market expectations canada goose despite climbing to an 11 month high in March, underscoring that the economy is making only a mild recovery from its weakest year of growth since 1999.

China services industry has so far weathered the global slowdown much better than the factory sector.

Growth in China increasingly important uk canada goose outlet services sector had expanded at its canada goose black friday sale slowest pace in five months in February, although environmental protection and retail maintained Canada Goose Coats On Sale robust growth, with their sub indices hovering over 60.

All of which point to a firming of domestic demand that was also detected in Monday manufacturing Canada Goose online sector canada goose factory sale surveys. Domestic demand was the key factor canada goose clearance driving a rebound in factory activity in March.

Most analysts expect China economy to enjoy a steady but gentle recovery buy canada goose jacket cheap https://www.thecanadagooseoutlet.com this year, with infrastructure investment and household consumption helping compensate for softening demand for Chinese exports. (Reporting by Nick Edwards and Aileen Wang; Editing by Simon Cameron Moore).