National Bureau of Statistics service survey center
China Federation of Logistics and Purchasing
In November 2017, China's non-manufacturing business activity index was 54.8%, an increase of 0.5 percentage points from the previous month and continued to be in the expansion range. The growth rate of non-manufacturing industry continued to grow steadily and rapidly, accelerating.
In terms of industries, the service industry's business activity index was 53.6%, slightly up by 0.1 percentage point from the previous month and staying above 53.5% for three consecutive months in a booming economy. The service industry maintained a stable expansion. Looking at the major sectors, the wholesale trade and retail sales Industry, air transport, loading and unloading and warehousing, postal delivery, telecommunications, radio and television and satellite transmission services, Internet and software information technology services, insurance and other industries business index are located in the high business climate index, the total business volume The business activity index in the road transport industry, lodging industry, catering industry, real estate industry, residential service and repair industry dropped below the critical point, and the total business volume dropped slightly. The construction business activity index was 61.4% The monthly increase of 2.9 percentage points to 60.0% above the high boom range, the construction industry production and management activities significantly accelerated.
The new order index was 51.8%, up 0.7ppts from the previous month, above the critical point, indicating steady growth in the non-manufacturing market. According to the industry, the new orders index for service industry was 51.2%, up 0.7% from the previous month, At the critical point, the new orders index for the construction industry was 55.1%, up 1.0% from the previous month, to a higher level.
Input price index was 56.2%, an increase of 1.9 percentage points from the previous month and above the critical point, indicating that the overall level of input prices of non-manufacturing enterprises engaged in operating activities rose even more. In terms of industries, the input index of service input prices At 54.9%, up 1.8 percentage points from the previous month and the price index on construction inputs was 63.9%, up 2.5 percentage points from the previous month.
The sales price index was 52.8%, up 1.2 percentage points from the previous month and above the critical point, indicating an overall increase in the non-manufacturing sales price. According to the industry, the service industry sales price index was 52.5%, up from the previous month 1.4 percentage points. The construction industry sales price index was 54.8%, slightly up 0.2% from the previous month.
The index for employed persons was 49.2%, down 0.2 percentage point from the previous month and still below the critical point, indicating a decrease in the number of non-manufacturing employees. According to the industry, the index of service industry practitioners was 48.5%, down 0.1 from the previous month A percentage point.The construction industry practitioners index was 53.6%, unchanged from the previous month.
The index for business activities is expected to be 61.6%, up 1.0% from the previous month and staying within the high end of 60.0%. According to the industry perspective, the index for business activities in service industry was 60.9%, up 0.8% from the previous month. The expected index of business activities was 65.6%, up 2.4 percentage points from the previous month.
Table 1 China Non-manufacturing Sub-index (Seasonally adjusted)
| Unit:% | ||||||
|
| Business activities | new order | Inputs price | selling price | Practitioners | Business Activity expected |
| 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 |
| November 2017 | 54.8 | 51.8 | 56.2 | 52.8 | 49.2 | 61.6 |
Table 2 China Non-manufacturing Other Sub-indices (Seasonally adjusted)
| Unit:% | ||||
|
| New export order | Order in hand | stock | Supplier delivery time |
| 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 |
| November 2017 | 50.9 | 44.1 | 46.5 | 51.6 |
Note:
1. Indicator explanation
China's non-manufacturing PMI indicator system consists of business activity index, new order index, new export order index, in-hand order index, inventory index, input price index, sales price index, practitioners index, supplier delivery time index, business Activity index, etc. Since there is no synthetic non-manufacturing integrated PMI index, the international business activity index is usually used to reflect the overall changes in the non-manufacturing economic development with 50% as the economic strength of the demarcation point, Above 50%, it reflects the non-manufacturing economic expansion; below 50%, it reflects the non-manufacturing economic contraction.
2. Survey area
Involved in the "classification of national economy" (GB / T4754-2011) manufacturing industry in Central Africa 31 industry sectors, 4,000 survey samples.
3. Method of investigation
Non-manufacturing purchasing managers survey using PPS (Probability Proportional to Size) sampling method, the non-manufacturing industry as a class, the sample size of the industry added value of all non-manufacturing value added weight distribution, the use of samples and The main business income of enterprises in proportion to the probability of extraction.
The investigation was carried out by the investigation team directly under the State Statistics Bureau. Monthly survey was conducted on the purchasing managers of the enterprises by using the national statistical networking direct reporting system.
4. Calculation method
Non-manufacturing Purchasing Managers Questionnaires covered 10 questions, such as total business volume, new orders (business requirements), export orders, inventories, input prices, sales prices, employees, supplier delivery time, and expected business activities. The diffusion index is calculated separately for each question, which is the percentage of firms that answered positively plus half the percentage that answered the same.
Season adjustment
The Purchasing Manager Survey is a monthly survey that is subject to seasonal factors and has volatile data, and the non-manufacturing PMI indices released are all seasonally adjusted data.