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ECONOMY
THIS WEEK> THIS WEEK NO. 20, 2013> ECONOMY
UPDATED: May 13, 2013 NO. 20 MAY 16, 2013
Non-Manufacturing Sector Shrinks
Share

The purchasing managers index (PMI) for the non-manufacturing sector stood at 54.5 percent in April, down 1.1 percentage points from the previous month, the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) said on May 3.

The non-manufacturing PMI dropped in April from March, but still came in above the demarcation line, indicating stable growth for non-manufacturing economic activity, said Cai Jin, Vice Chairman of CFLP.

The sub-index for service business activity stood at 52.5 percent in April, down 1.4 percentage points from the previous month. Within the same category, the index for construction shrank 0.1 percentage points from the previous month to 62.4 percent.

The sub-index for new orders lost 1.1 percentage points from a month earlier to 50.9 percent. In that category, the index for new orders in the service sector fell 1.6 percentage points to 49.8 percent.

The sub-index for intermediate input prices lost 4.2 percentage points to reach 51.1 percent in April. This indicates that non-manufacturing enterprises are optimistic about their business in the next three months, said the NBS.

The sub-index for prices stood at 47.6 percent in April, down 2.4 percentage points from the previous month. In the category, the index for the service sector declined 3.2 percentage points to 46.7 percent.

But the sub-index for business outlook climbed 0.1 percentage point month on month to 62.5 percent.

The non-manufacturing PMI is based on a survey of about 1,200 companies in 27 industries, including transportation, real estate, catering and software development.



 
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