The Purchasing Managers Index (PMI) of China's non-manufacturing sector, a key economic indicator, rose 0.7 percentage point to 56.3 percent in August, new survey results indicate.

The figure rebounded after a slight fall in July as growth in the non-manufacturing sector stabilized, according to data released by the China Federation of Logistics and Purchasing (CFLP) on Monday.[Hong Kong Company Formation, Incorporation, Business Registration]

A PMI reading above 50 percent indicates expansion from the previous month, while readings below this mark indicate contraction.

"The rebound shows the non-manufacturing sector has played a more significant role in stabilizing economic growth," said CFLP Vice Chairman Cai Jin.

"The recovery in the consumer service sector and the active information service industry have been building up a solid foundation for stabilized growth," Cai said.

The figure followed Saturday's release of the PMI for China's manufacturing sector, which grew at its slowest pace in nine months to 49.2 percent in August.[Hong Kong Company Formation|Hong Kong Company Registration]

The CFLP's non-manufacturing PMI is based on a survey of about 1,200 companies in 27 industries, including transportation, real estate, catering and software development.