Department of Service Statistics of NBS
China Federation of Logistics and Purchasing (CFLP)
In July, non-manufacturing purchasing manager index was 54.1 percent, an increase of 0.2 percentage point over the previous month.
In view of different industries, non-manufacturing purchasing manager index of service industry was 53.0 percent, up by 0.4 percentage point than that in the previous month. Of which, the indices of air transport, ecological protection, environmental control and management of public facilities, Internet, software and information technology services, renting and leasing activities, telecommunications, broadcasting, television and satellite transmission services, stayed above the threshold, and the total business volume of enterprises increased; the indices of residents service and repair, transport via road, water transportation, retail sales, and restaurants were below the threshold, and the total business volume of enterprises decreased. Non-manufacturing purchasing manager index of construction industry achieved 58.5 percent, down by 0.8 percentage point over the previous month, continued to stay above the threshold.
New orders index remained the same level over the previous month. The new orders index was 50.3 percent, remained the same level over the previous month, still above the threshold. In view of different industries, the new orders index of service industry was 50.0 percent, increased 0.1 percentage points, and positioned at the threshold. Of which, the new orders indices of air transport, ecological protection, environmental control and management of public facilities, Internet, software and information technology services, renting and leasing activities were above the threshold, and the market demands increased, while the new orders indices of residents service and repair, restaurants, transport via road, real estate were below the threshold, and the market demands decreased. The new orders index of construction industry was 51.7 percent, remained at the same level over the previous month.
Intermediate input price index continued to rise, reached 58.2 percent, up by 3.2 percentage point 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 58.3 percent, up by 1.8 percentage points over the previous month, the intermediate input price indices of all the industries were all above the threshold, of which, the indices of transport via road, air transport, wholesale, renting and leasing activities were running in a high place which above 60 percent, the increase of operation costs of enterprises was quite large. The intermediate input price index of construction industry was 58.2 percent, an increase of 9.1 percentage points over the previous month, stayed back above the threshold with an increased production costs.
The subscription price index was above the threshold for 3 consecutive months. This index was 52.4 percent, 1.8 percentage point higher over last month, still stayed above the threshold for 3 consecutive months, was the top points since May 2011, which showing that the non-manufacturing subscription price increased. In view of different industries, the subscription price index of service industry was 52.7 percent, an increase of 2.0 percentage point over the previous month. Of which, the subscription price indices of air transport, renting and leasing activities, whole sale, ecological protection, environmental control and management of public facilities, were above the threshold, that of accommodation, residents service and repair, Internet, software and information technology services, transport via road were below the threshold. The subscription price index of construction industry was 51.4 percent, up by 1.2 percentage points over last month.
Business activities expectation index reached to the highest place within the year. This index reached 63.9 percent, up by 2.1 percentage points over last month and still placed highly in the range, was the highest points since January 2013, which indicating that the non-manufacturing enterprises maintained optimistic about the operating expectation in next three months, the confidence of development of enterprise and industry has improved. In view of different industries, the business activities expectation index of residents service and repair placed positioned under the threshold, that of the others positioned above 50 percent.
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China's Non-manufacturing PMI (Seasonally adjusted) |
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Unit: % |
|
|
Non-manufacturing PMI |
New Orders Index |
Intermediate Input Price Index |
Subscription Price Index |
Business Activities Expectation Index |
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|
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|
|
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|
|
2012-July |
55.6 |
53.2 |
49.7 |
48.7 |
63.9 |
|
August |
56.3 |
52.7 |
57.6 |
51.2 |
63.2 |
|
September |
53.7 |
51.8 |
57.5 |
51.3 |
60.9 |
|
October |
55.5 |
51.6 |
58.1 |
50.5 |
63.4 |
|
November |
55.6 |
53.2 |
52.5 |
48.4 |
64.6 |
|
December |
56.1 |
54.3 |
53.8 |
50.0 |
64.6 |
|
2013-January |
56.2 |
53.7 |
58.2 |
50.9 |
61.4 |
|
February |
54.5 |
51.8 |
56.2 |
51.1 |
62.7 |
|
March |
55.6 |
52.0 |
55.3 |
50.0 |
62.4 |
|
April |
54.5 |
50.9 |
51.1 |
47.6 |
62.5 |
|
May |
54.3 |
50.1 |
54.4 |
50.7 |
62.9 |
|
June |
53.9 |
50.3 |
55.0 |
50.6 |
61.8 |
|
July |
54.1 |
50.3 |
58.2 |
52.4 |
63.9 |
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Annotations:
1. Explanatory Notes
China non-manufacturing purchasing manager index system constituted by 10 sub-indices, they are business activity index, new orders index, new export orders index in hand orders index, stock index, intermediate input price index, subscription price index, employment index, supplier delivery time index, and business activities expectation index. Due to the lack of synthesis of non-manufacturing integrated PMI index, the international society often used business activity index to reflect the overall changes in non-manufacturing economic development, A PMI reading above 50 percent indicates expansion from the previous month, while below indicates contraction.
2. Statistical Coverage
The survey involves 27 manufacturing industry categories in the ¡°Industrial Classification for National Economic Activities" (GB/T4754-2011), and was conducted in 1200 sampling enterprises of the non-manufacturing sector countrywide.
3. Survey Methods
Non-manufacturing purchasing managers¡¯ survey was conducted in PPS ( Probability Proportional to Size) sampling method, using the manufacturing sectors as the selecting layers, distribution of sample size was according to their value-added accounted for the proportion of total manufacturing value-added, and samples within layers and the main business revenue of the enterprises were selected by the PPS.
The survey was organized and conducted by staff members of survey offices, monthly through Online Reporting System of NBS by sending survey questionnaires to the purchasing managers of the selected enterprises.
4. Calculation Methods
Non-manufacturing purchasing managers survey involves 10 questions on production, new orders (business required), export, existing orders, finished goods inventory, intermediate input price, subscription price, employees, suppliers delivery time, and business activities expectation. Diffusion index was calculated on each question, i.e. percentage of positive answers in number of enterprises plus half of the percentage in the same answers.
5. Seasonal Adjustment Note
The purchasing manager¡¯s survey is a monthly survey, great fluctuations of data which affected by seasonal factors. At present, time series of China's non-manufacturing PMI have met the technical requirements of the seasonally adjustment, and the sub-indices of non-manufacturing PMI data on seasonally adjusted will be released since March 2012. |
