Department of Service Statistics of NBS China Federation of Logistics and Purchasing (CFLP)
In June, non-manufacturing purchasing manager index was 56.7 percent, 1.5 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 was 58.1 percent, fell down 1.1 percentage points over the previous month, but still placed highly in the range; that of services industry was 56.3 percent, up by 2.1 percentage points than that in the previous month, of which, non-manufacturing purchasing manager indices of post industry, Internet, software and IT services industry, telecommunications, radio, television and satellite transmission services industry, leasing and business service industry, railway transport industry positioned in a high place which above 59 percent, and the total enterprise business of hotel service industry, road transport industry and retail trade industry decreased over the previous month.
The new orders index went up. The new orders index was 53.7 percent, an increase of 1.2 percentage points over the previous month, indicating that the new orders of non-manufacturing enterprises continued to maintain growth. In view of different industries, the new orders index of construction industry was 54.2 percent, kept same level over the previous month, which indicated that the market demands of construction industry grew steadily. The new orders index of service industry was 53.6 percent, 1.5 percentage points higher over the previous month, which indicated that the new orders growth of service industry has accelerated. Of which, the new orders indices of Internet, software and IT services industry, post industry, telecommunications, radio, television and satellite transmission services industry, leasing and business service industry, loading, unloading and warehouse industry positioned in a high place which above 60 percent, which indicating a rapid growth of market demands.
Intermediate input price index continued to drop. This index was 52.1 percent, down 1.5 percentage points over the previous month, which indicated that the growth rate of intermediate input price index of non-manufacturing enterprises continued to decrease. In view of different industries, the intermediate input price index of construction industry was 47.2 percent, down 2.5 percentage points over the previous month, staying below the threshold for 2 consecutive months, which indicating that the production and operation costs of construction enterprises has declined from last month. That of service industry was 53.3 percent, dropping 1.2 percentage points over the previous month, and the pressures of rising operating cost have eased. Of which, the intermediate input price indices of air transport industry, loading, unloading and warehouse industry, water transport industry, wholesale trade industry positioned below the threshold.
The subscription price index was still below the threshold. This index was 48.6 percent, stayed basically the same over the previous month, which showing that the non-manufacturing subscription price continued to fall back. In view of different industries, the subscription price index of construction industry was 48.7 percent, a decrease of 1.2 percentage points over the previous month, and the enterprise subscription price continued to decrease. That of services industry was 48.6 percent, an increase of 0.4 percentage points over the previous month, but still below the threshold. Of which, the subscription price indices of wholesale trade industry, telecommunications, radio, television and satellite transmission services industry, retail trade industry, resident services and repairs industry, air transport industry positioned below 50 percent, and the enterprise subscription price dropped back.
Business activities expectation index was still placed highly in the range. This index was 65.5 percent, kept same level over the previous month, indicating that the non-manufacturing enterprises still maintained optimistic about the operating expectation in the future. In view of different industries, the business activities expectation indices of Internet, software and IT services industry, air transport industry, loading, unloading and warehouse industry, post industry, house construction industry positioned in a high place which above 70 percent.
| China's Non-manufacturing PMI (Seasonally adjusted) | |||||
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| 2012 | Non-manufacturing PMI | New Orders Index | Intermediate Input Price Index | Subscription Price Index | Business Activities Expectation Index |
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| 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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Annotations:
1. 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.
2. 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.
3. 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.
4. 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 conducted by Direct Reporting of Statistics Networking and carried out by interviewing the enterprises' purchasing managers monthly using questionnaire method.
5. 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.
