May non-manufacturing PMI index for 55.2%- News Channel ...

• Written by admin
• Posted June 3, 2012 at 11:59 pm

The Beijing June 3 report (reporter Du Haitao) China Federation of logistics and purchasing, NationalBureau of StatisticsSurvey on the service sector Center released today, May, Chinese non-manufacturing business activity index for 55.2%, than going up the month fell 0.9Percentage points.China Federation of logistics and purchasing vice president Cai Jin, in May, non-manufacturing business activity index has pulled back slightly, but still runs at a level of 55.2%, reflecting a manufacturing economy maintains flat steady rapidder growth trend. From PMI, May non-manufacturing activity showed the following characteristics:Market demand is relatively stable. In May, new orders index reached 52.5%, 0.2 percentage points from the previous month back slightly. The index since this year is running smoothly, index levels were maintained at 52.2% ? 53.5%, showing a relatively stable demand of market of manufacturing industry. In the concrete industry, construction industry new orders index reached 54.2%, before the May average remained at 55.9% levels. Show that although this year investment growth has slowed, but the construction industry market demand still maintain faster growth level in. In addition, services new orders index 52.1%, before the May average remained at 52% levels. This is partly a reflection of China?s economic structure improvement and optimization.The development of the industry equilibrium. In May, construction industry business activity index 59.2%, service industry business activity index of 54.2%, maintained rapid growth trend. Specific industry, building industry, civil construction, retail and logistics and other major industry business activity index were maintained in a higher operating level. The development of the industry is more balanced, facilitates a manufacturing economy overall stability.Inflation pressures continue to release. In May, reflecting the enterprise cost of intermediate input price index fell to 53.6%, a decline of 4.3 percentage points lower than the ring, to further accelerate the pace of. In a specific industry, the upstream raw material prices decline effect, construction industry intermediate input price rapid fall after a rise, the intermediate input price index dropped to below 50%. Price index dropped significantly. The price index 48.5%, has fallen to less than 50%, inflation is expected to continue to release.

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