China's Non-manufacturing PMI Decreased in May
By CnAgri
Print
Department of Service Statistics of NBS
In view of different industries, non-manufacturing purchasing manager index of service industry was 52.3 percent, down by 0.2 percentage point than that in the previous month. Of which, the indices of loading, unloading, portage and storage, retail trade, air transport, wholesale, renting and leasing activities and business services stayed above the threshold, and the total enterprise business increased; the indices of resident services and repair, ecological protection and environmental control, management of public facilities, post, accommodation, restaurants were below the threshold, and the total enterprise business decreased. Non-manufacturing purchasing manager index of construction industry achieved 62.2 percent, down by 0.2 percentage point over the previous month, continued to stay above the threshold.
New orders index stayed above the threshold. The new orders index was 50.1 percent, a decrease of 0.8 percentage point over the previous month, near the threshold. In view of different industries, the new orders index of service industry was 49.2 percent, below the threshold, and 0.6 percentage point lower over the previous month. Of which, the new orders indices of loading, unloading, portage and storage, Internet, software and information technology services, air transport, renting and leasing activities and business services, retail trade were above the threshold, and the market demands increased, while the new orders indices of resident services and repair, restaurants, transport via railway, transport via road were below the threshold, and the market demands decreased. The new orders index of construction industry was 53.4 percent, down by 1.6 percentage points over the previous month.
Intermediate input price index increased, reached 54.4 percent, up by 3.3 percentage points over last month, indicating that the rise amount of intermediate input price during the process of production and operation of non-manufacturing enterprises increased. In view of different industries, the intermediate input price index of service industry was 54.7 percent, up by 3.3 percentage points over the previous month, except for air transport, the intermediate input price indices of other industries were all above the threshold, of which, the indices of loading, unloading, portage and storage, Internet, software and information technology services, water transport were relatively high, and the operation costs of enterprises increased rapidly. The intermediate input price index of construction industry was 53.3 percent, an increase of 3.2 percentage points over the previous month.
The subscription price index went back above the threshold. This index was 50.7 percent, 3.1 percentage points higher over last month, which showing that the non-manufacturing subscription price increased. In view of different industries, the subscription price index of service industry was 50.5 percent, an increase of 3.8 percentage points over the previous month. Of which, the subscription price indices of renting and leasing activities and business services, retail trade, loading, unloading, portage and storage, Internet, software and information technology services were above the threshold, that of air transport, accommodation, resident services and repair were below the threshold. The subscription price index of construction industry was 51.5 percent, up by 0.6 percentage point over last month.
Business activities expectation index continued to stay in a high place. This index reached 62.9 percent, up by 0.4 percentage points over last month and still placed highly in the range, which indicating that the non-manufacturing enterprises maintained optimistic about the operating expectation in next three months. In view of different industries, the business activities expectation indices of air transport, construction of building, ecological protection and environmental control, management of public facilities positioned in a high place which above 70 percent, only that of resident services and repair stayed below the threshold.
