China's Non-manufacturing PMI was 54.1 Percent in August National Bureau of Statistics of China 2013-09-03 14:32:28
Department of Service Statistics of NBS
China Federation of Logistics and Purchasing (CFLP)
In August, non-manufacturing purchasing manager index was 53.9 percent, a decrease of 0.2 percentage point over the previous month, continued to stay above the midpoint.
In view of different industries, non-manufacturing purchasing manager index of service industry was 52.5 percent, down by 0.5 percentage point than that in the previous month. Of which, the indices of air transport, ecological protection, environmental control and management of public facilities, railway transportation, Internet, software and information technology services, stayed above the threshold, and the total business volume of enterprises increased; the indices of residents service and repair, post, transportation via water, real estate, and transportation via road were below the threshold, and the total business volume of enterprises decreased. Non-manufacturing purchasing manager index of construction industry achieved 59.5 percent, up by 1.0 percentage point over the previous month, continued to stay above the threshold, the activities of production and management of the construction industry were more active.
New orders index went up over the previous month. The new orders index was 50.9 percent, up by 0.6 percentage point over the previous month, still above the threshold. In view of different industries, the new orders index of service industry was 49.9 percent, decreased 0.1 percentage points, and positioned below the threshold. Of which, the new orders indices of air transport, ecological protection, environmental control and management of public facilities, transportation via railway, renting and leasing activities, Internet, software and information technology services, were above the threshold, and the market demands increased, while the new orders indices of residents service and repair, material handling and warehousing, real estate, road transportation, accommodation services were below the threshold, and the market demands decreased. The new orders index of construction industry was 55.1 percent, went up by 3.4 percentage points over the previous month, and the market demands increased.
Intermediate input price index declined, stood at 57.1 percent, down by 1.1 percentage point over last month, indicating that the rise amount of intermediate input price during the process of production, but gains narrowed. In view of different industries, the intermediate input price index of service industry was 57.4 percent, down by 0.9 percentage points over the previous month, the intermediate input price indices of all the industries were all above the threshold for 2 consecutive months, of which, the indices of catering, air transport, postal services, railway transportation, accommodation services, ecological protection environmental governance and public facilities management industry 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 56.2 percent, a decrease of 2.0 percentage points over the previous month, stayed above the threshold for 2 consecutive months with an increased production costs, but somewhat lower growth.
The subscription price index was above the threshold for 4 consecutive months. This index was 51.2 percent, 1.2 percentage point higher over last month, still stayed above the threshold for 4 consecutive months, which showing that the non-manufacturing subscription price increased, but somewhat lower growth. In view of different industries, the subscription price index of service industry was 51.5 percent, an increase of 1.2 percentage point over the previous month. Of which, the subscription price indices of air transport, material handling and warehousing industry, ecological protection environmental governance and public facilities management, real estate, renting and business services were above the threshold, that of corporate sales or toll rates increased in varying degrees, that of telecommunications and satellite radio and television transmission services, residential services and repair industry, catering, information technology, Internet and software services, lodging industry were below the threshold. The subscription price index of construction industry was 50.2 percent, down by 1.2 percentage points over last month.
Business activities expectation index continued to stay the high place. This index reached 62.9 percent, down by 1.0 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, 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.
China's Non-manufacturing PMI (Seasonally adjusted)
Unit: %
| Non-manufacturing PMI | New Orders Index | Intermediate Input Price Index | Subscription Price Index | Business Activities Expectation Index | |
| 2012-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 | 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 | 55.3 | 50 | 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 | 50.6 | 61.8 |
| July | 54.1 | 50.3 | 58.2 | 52.4 | 63.9 |
| August | 53.9 | 50.9 | 57.1 | 51.2 | 62.9 |
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.
