National Bureau of Statistics Service Survey Center
China Federation of Logistics and Purchasing
In October 2010, China's non-manufacturing business activity index was 54.3%, down 1.1 percentage points from the previous month, continued in the expansion range, non-manufacturing continued to maintain steady and rapid growth.
In the industry, the service activity index of the service industry was 53.5%, which was 0.9 percentage point lower than that of the previous month. However, the service industry maintained a steady growth rate, and the service industry maintained steady growth. From the industry category, the accommodation industry, retail industry, air transport industry, The business activities index of the postal express industry, telecom radio and television and satellite transmission service, Internet and software information technology services are located in the higher boom area of 55.0%, and the total business volume is growing rapidly. Capital market service, real estate industry, residents Service and repair industry and other sectors of the business activity index below the critical point, the total business volume has declined.Construction business activity index was 58.5%, down 2.6 percentage points from the previous month, is still in a high boom range, the overall construction industry to maintain Rapid growth.
The new orders index was 51.1%, down 1.2 percentage points from the previous month, still below the critical point, indicating that the non-manufacturing market demand growth slowed down.According to industry, the new order index for the service industry was 50.5% 1.0 percentage points higher than the critical point. Construction of the new order index of 54.1%, down 2.8 percentage points from the previous month, remain in the expansion interval.
The price index on imports was 54.3%, down by 1.8 percentage points from the previous month and above the critical point, indicating that the overall level of input prices for non-manufacturing enterprises for operating activities continued to rise or narrowed. The price index for the construction industry was 61.4%, down 5.6 percentage points from the previous month. The price index for the construction industry dropped by 1.1 percentage points from the previous month.
The sales price index was 51.6%, down 0.1 percentage points from the previous month, above the critical point, indicating that the overall level of non-manufacturing sales prices continued to rise, with the service sector selling price index of 51.1% higher than the previous month 0.1 percentage points.The construction industry sales price index was 54.6%, down 0.6 percentage points from the previous month.
Employers' index was 49.4%, down 0.3 percentage points from the previous month, still below the critical point, indicating that the number of non-manufacturing employees continued to decrease. By industry, the service industry index was 48.6%, up 0.1 Percentage of the construction industry practitioners index was 53.6%, down 2.8 percentage points from the previous month.
The business activity expectation index is 60.6%, down 1.1 percentage points from the previous month and continues to be in the high interest rate range. The sub-sector is expected to show 60.1% of the service activity, down 0.7 percentage points from the previous month. To 63.2%, down 3.8 percentage points from the previous month.
Table 1 China's non-manufacturing main classification index (seasonally adjusted)
| Unit:% | ||||||
|
| Business activities | new order | Inputs price | selling price | Practitioners | Business Activity expected |
| October 2016 | 54.0 | 50.9 | 53.7 | 51.5 | 50.0 | 60.6 |
| November 2016 | 54.7 | 51.8 | 53.5 | 51.4 | 50.6 | 60.7 |
| December 2016 | 54.5 | 52.1 | 56.2 | 51.9 | 50.0 | 59.5 |
| January 2017 | 54.6 | 51.3 | 55.1 | 51.0 | 49.8 | 58.9 |
| February 2017 | 54.2 | 51.2 | 53.7 | 51.4 | 49.7 | 62.4 |
| March 2017 | 55.1 | 51.9 | 52.3 | 49.7 | 49.1 | 61.3 |
| April 2017 | 54.0 | 50.5 | 51.7 | 50.2 | 49.5 | 59.7 |
| May 2017 | 54.5 | 50.9 | 51.1 | 48.8 | 49.0 | 60.2 |
| June 2017 | 54.9 | 51.4 | 51.2 | 49.3 | 49.6 | 61.1 |
| July 2017 | 54.5 | 51.1 | 53.1 | 50.9 | 49.5 | 61.1 |
| August 2017 | 53.4 | 50.9 | 54.4 | 51.5 | 49.5 | 61.0 |
| September 2017 | 55.4 | 52.3 | 56.1 | 51.7 | 49.7 | 61.7 |
| October 2017 | 54.3 | 51.1 | 54.3 | 51.6 | 49.4 | 60.6 |
Table 2 China's non-manufacturing other sub-index (seasonally adjusted)
| Unit:% | ||||
|
| New export orders | Order in hand | stock | Supplier delivery time |
| October 2016 | 51.4 | 44.0 | 45.3 | 51.4 |
| November 2016 | 50.9 | 44.2 | 45.8 | 51.5 |
| December 2016 | 48.9 | 44.0 | 47.2 | 51.6 |
| January 2017 | 46.4 | 44.6 | 46.2 | 51.4 |
| February 2017 | 50.1 | 43.5 | 45.8 | 52.1 |
| March 2017 | 48.8 | 44.7 | 45.8 | 51.4 |
| April 2017 | 47.1 | 44.0 | 46.2 | 52.0 |
| May 2017 | 48.5 | 43.7 | 46.1 | 51.8 |
| June 2017 | 49.8 | 44.6 | 45.9 | 51.8 |
| July 2017 | 52.1 | 43.9 | 45.9 | 51.7 |
| August 2017 | 49.0 | 44.0 | 45.5 | 51.1 |
| September 2017 | 49.7 | 44.2 | 47.0 | 51.6 |
| October 2017 | 50.7 | 43.9 | 46.4 | 51.1 |
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Note:
1. Explanation of indicators
China's non-manufacturing PMI index system, by the business activity index, the new order index, the new export orders index, the order index, inventory index, input price index, sales price index, employee index, supplier delivery time index, Activity expectations index and other 10 classification index.As there is no synthetic non-manufacturing integrated PMI index, the international business is usually used to reflect the index of non-manufacturing economic development of the overall changes in the situation to 50% as the economic strength of the demarcation point, Higher than 50%, reflecting the non-manufacturing economic expansion; less than 50%, reflecting the non-manufacturing economic contraction.
2. Scope of investigation
Involving the "national economic industry classification" (GB / T4754-2011) in the non-manufacturing sector of the 31 major categories, 4,000 survey samples.
3. Survey method
Non-manufacturing Purchasing Managers survey using PPS (Probability Proportional to Size) sampling method, in the non-manufacturing industry category, the industry sample size according to its added value accounted for the proportion of all non-manufacturing value-added distribution, The proportion of the main business income is proportional to the probability of extraction.
The survey by the National Bureau of Statistics directly under the investigation team to organize the implementation of the use of national statistical network direct reporting system for enterprise purchasing managers monthly survey.
4. Calculation method
The non-manufacturing purchasing manager questionnaire covers 10 issues such as total business volume, new orders (business needs), exports, orders in hand, inventory, input prices, sales price, practitioners, supplier delivery time, business activity expectations. The diffusion index is calculated for each question, ie the percentage of the number of firms that are responding positively plus half of the percentage of the respondents.
5. Seasonal adjustment
The Purchasing Managers survey is a monthly survey that is affected by seasonal factors and the data fluctuates significantly, and the unpaid manufacturing PMI sub-indices are seasonally adjusted.