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The Non-Manufacturing PMI assesses the business conditions and growth in the Chinese service and construction sectors. It is released by the National Bureau of Statistics and provides a broader view of the Chinese economy beyond heavy industry. The index tracks variables such as new orders, employment, and supplier delivery times. Given China's shift toward a service-oriented economy, this indicator is increasingly vital for global markets.
The data is collected through monthly surveys of over 4,000 enterprises in the non-manufacturing sector. The index is calculated using the diffusion method, where 50 is the neutral threshold.
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