China's Non-manufacturing PMI Increased in October

By CnAgri Print

Department of Service Statistics of NBS

China Federation of Logistics and Purchasing (CFLP)

 

In October, non-manufacturing purchasing manager index was 55.5 percent, 1.8 percentage points higher over the previous month, still staying above the threshold.

 

In view of different industries, non-manufacturing purchasing manager index of construction industry continued to stay above the threshold, achieved 60.2 percent, went up by 2.2 percentage points over the previous month, indicating that the producing growth of construction industry speeded up; that of services industry was 54.4 percent, up by 1.8 percentage points than that in the previous month, except for the wholesale trade industry and air transport industry, non-manufacturing purchasing manager indices of other industries were all above the threshold. Of which, the indices of retail trade industry, hotel service industry， ecological protection, environmental management and public facilities administration industry stayed at 60 percent and above, and the total enterprise business has increased obviously.

 

 

The new orders index went down slightly. The new orders index was 51.6 percent, a decrease of 0.2 percentage points over the previous month, which indicating that the market demand of non-manufacturing industry kept growing, but the growth slowed down slightly. In view of different industries, the new orders index of construction industry was 55.4 percent, down by 0.3 percentage points over the previous month, which indicating that the market demand growth of construction industry kept increasing, while the growth rate dropped a little. The new orders index of service industry was 50.7 percent, 0.1 percentage points lower over the previous month, basically remained at the same level over last month, of which, the new orders indices of retail trade industry, post industry, hotel service industry, road transport industry, telecommunications, radio, television and satellite transmission services industry were above the threshold, and the market demand increased. The new orders indices of wholesale trade industry, water transport industry, real estate industry, resident services and repairs industry were below the threshold, and the market demands dropped.

 

Intermediate input price index went up, reached 58.1 percent, up by 0.6 percentage points over last month, indicating that the intermediate input price increases of non-manufacturing enterprises has expanded. In view of different industries, the intermediate input price index of construction industry was 61.5 percent, up by 8.8 percentage points over the previous month, which indicating that the production and operation costs growth of construction enterprises have accelerated. That of service industry was 57.2 percent, dropping 1.5 percentage points over the previous month. The intermediate input price indices of all sub-industries of service industry were staying above the threshold, which indicating that the production and operation costs have a general increase, while the increase narrowed.

 

The subscription price index declined. This index was 50.5 percent, down by 0.8 percentage points over the previous month, staying above the threshold for 3 consecutive months, which showing that the non-manufacturing subscription price continued to increase, while the increase narrowed. In view of different industries, the subscription price index of construction industry was 50.9 percent, a decrease of 0.1 percentage points over the previous month. That of services industry was 50.4 percent, a decrease of 1.0 percentage points over the previous month. Of which, the subscription price indices of hotel service industry, Internet, software and IT services industry, ecological protection, environmental management and public facilities administration industry, retail trade industry were above the threshold, that of telecommunications, radio, television and satellite transmission services industry, resident services and repairs industry, loading, unloading and warehousing industry, air transport industry were below the threshold.

 

Business activities expectation index kept positioning in a high place. This index placed highly in the range, reached 63.4 percent, up by 2.5 percentage points over the previous month, which showing that the proportion of non-manufacturing enterprises maintaining optimistic about the operating expectation in the future increased. In view of different industries, the business activities expectation indices of retail trade industry, post industry, telecommunications, radio, television and satellite transmission services industry, house construction industry, positioned in a high place which above 70 percent.

 

China's Non-manufacturing PMI (Seasonally adjusted)
Unit: %
2012	Non-manufacturing PMI	New Orders Index	Intermediate Input Price Index	Subscription Price Index	Business Activities Expectation Index
January	55.7	52.2	58.2	51.1	65.3
February	57.3	52.7	59.0	51.2	63.8
March	58.0	53.5	60.2	52.0	66.6
April	56.1	52.7	57.9	50.3	66.1
May	55.2	52.5	53.6	48.5	65.4
June	56.7	53.7	52.1	48.6	65.5
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