China'S Non Manufacturing Business Activity Index September 61%
China's logistics and procurement Federation September 3 released in China manufacturing industry The business activity index was 61.7%, up 1.6 percentage points from last month. Experts say this reflects the overall performance of China's non manufacturing sector.
In September, China's non manufacturing PMI single index, in addition to the new export orders index, inventory index and employment index fell slightly, the remaining main indexes have maintained an upward trend.
Among them, the new order index was 56.9%, an increase of 0.7 percentage points from last month; the new export order index was 51.4%, the annulus ratio dropped 0.8 percentage points; the charge price index was 53.2%, up 1.4 percentage points from last month; the business activity expectation index was 67.2%, up 0.1 percentage points from last month.
China
logistics
Cai Jin, vice president of the Federation of purchasing, said that in September, China's non manufacturing PMI was 61.7%, higher than the same period last year.
Housing and civil engineering, construction and retail industry have taken the lead and other industries have maintained a high level, reflecting the overall performance of the non manufacturing sector.
September real estate business activity index 55.3%, a more obvious rebound.
The intermediate price of non manufacturing industry has risen to over 60%, which needs further attention.
China's non manufacturing industry
PMI
The index system consists of 10 diffusion indices, namely, business activities, new orders, new export orders, backlog orders, inventory, intermediate input price, charging price, employees, supplier delivery time and business activity expectations.
Generally speaking, the index is above 50%, reflecting the overall rise or growth of the non manufacturing economy; below 50% reflects the decline or fall of the non manufacturing economy.
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