China's Non-manufacturing PMI Increased in March
By CnAgri
Print
Department of Service Statistics of NBS
China Federation of Logistics and Purchasing (CFLP)
In March, non-manufacturing purchasing manager index was 55.6 percent, an increase of 1.1 percentage points over the previous month.
In view of different industries, non-manufacturing purchasing manager index of construction industry achieved 62.5 percent, up by 4.5 percentage points over the previous month, continued to stay above the threshold. That of services industry was 53.9 percent, up by 0.3 percentage points than that in the previous month．Of which, the indices of post industry, telecommunications, radio, television and satellite transmission services industry, hotel service industry, wholesale trade industry, Internet, software and IT services industry, water transport industry stayed at 60 percent and above, and the total enterprise business increased sharply, while the total enterprise business of catering industry, retail trade industry, air transport industry, road transport industry decreased.
New orders index continued to stay above the threshold. The new orders index was 52.0 percent, an increase of 0.2 percentage points over the previous month, stayed above the threshold, which indicating that the market demand of non-manufacturing industry maintained an upward trend, and the amount of increase has expanded slightly. In view of different industries, the new orders index of construction industry was 54.4 percent, up by 0.4 percentage points over the previous month. The new orders index of service industry was 51.4 percent, 0.2 percentage points lower over the previous month. Of which, the new orders indices of Internet, software and IT services industry, hotel service industry, telecommunications, radio, television and satellite transmission services industry, wholesale trade industry, real estate industry were above the threshold, and the market demands increased, while the new orders indices of catering industry, loading, unloading and warehousing industry, road transport industry, retail trade industry were below the threshold, and the market demands decreased.
Intermediate input price index decreased, reached 55.3 percent, down by 0.9 percentage points over last month, indicating that the intermediate input price during the process of production and operation of non-manufacturing enterprises continued to rise, while the amount of rise decreased. In view of different industries, the intermediate input price index of construction industry was 52.1 percent, a decrease of 4.3 percentage points over the previous month. That of service industry was 56.1 percent, down by 0.1 percentage points over the previous month, except for hotel service industry, ecological protection, environmental management and public facilities administration industry, the intermediate input price indices of other industries were all above the threshold, of which, the indices of loading, unloading and warehousing industry, railway transport industry, water transport industry, road transport industry, Internet, software and IT services industry were located in a high level, and the operation costs of enterprises increased obviously.
The subscription price index stayed at the threshold. This index was 50.0 percent, which showing that the non-manufacturing subscription price was almost the same with that of last month. In view of different industries, the subscription price index of construction industry was 50.4 percent, down by 0.2 percentage point over last month. That of services industry was 49.9 percent, a decrease of 1.4 percentage points over the previous month. Of which, the subscription price indices of hotel service industry, real estate industry, railway transport industry, loading, unloading and warehousing industry, ecological protection, environmental management and public facilities administration industry were above the threshold, that of air transport industry, catering industry, leasing and business service industry, road transport industry, retail trade industry were below the threshold.
Business activities expectation index continued to stay in a high place. This index reached 62.4 percent, down by 0.3 percentage points over last month and still placed highly in the range, which indicating that the non-manufacturing enterprises continued to maintain optimistic about the operating expectation in the future. In view of different industries, the business activities expectation indices of post industry, house construction industry, air transport industry positioned in a high place which above 70 percent, that of catering industry stayed below the threshold for two consecutive months, which indicating enterprises were lack of confidence in the future development of the industry.
