In 2012 May China non-manufacturing business activity index of ...

China Federation of logistics and purchasing, NationalBureau of StatisticsSurvey on the service sector Center released in 2012 May China non-manufacturing business activity index for 55.2%, than going up the month fell 0.9Percentage points. Due to a manufacturing no comprehensive index, usually in business activity index to reflect the manufacturing economy to overall changes.This month, China non-manufacturing PMI each single index showed varying degrees of decline. Among them, the new export orders index and the input price index drop range is the biggest, both fell more than 2 points above; stock index, price index and supplier delivery time index decline in 1-2%; the remaining index fell 1 percentage points.China Federation of logistics and purchasing vice president Cai Jin: 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. The new orders index 52.5%, annulus small callback 0.2 percentage points, the market demand is relatively stable. In some degree it reflects China?s economic structure improvement and optimization. The development of the industry is balanced. Among them, construction industry business activity index 59.2%, service industry business activity index of 54.2%, maintained rapid growth trend. This month, price index dropped significantly. The price index 48.5%, has fallen to less than 50%, the intermediate input price index 53.6%, lower than the ring speed is accelerated further, the inflation pressure is expected to continue to release. But also to prevent the decline in economic growth process, partial industry prices fell faster, affect the normal business profits, is not conducive to the smooth development of market.The new orders index slightly callback. In 2012 May, new orders index was 52.5%, down 0.2 percentage points compared to the last month. Sub-industry, construction of new orders index was 54.2%; service industry new orders index was 52.1%. The 19 industry, leasing and business services, air transport industry and the housing industry, postal services, handling and warehousing industry and Telecommunications broadcast television and satellite transmission services industries is higher than 50%; wholesale trade in 50%; civil engineering construction, real estateIndustryAnd installation of building decoration and other industries such as construction of less than 50%.The new export orders index lower than the ring. In 2012 May, the new export orders index was 50.5%, down 2.2 percentage points over. Sub-industry, construction of new export orders index was 53.3%; the service industry the new export orders index 49.8%. The 19 industry, handling and warehousing, wholesale trade, housing construction, leasing and business services,InternetSoftware and information technology services industry and civil engineering construction industry and other industries is higher than 50%; road transport, postal services, construction and installation of decoration and other construction industry, retail and real estate industries below 50%.Intermediate input price index fell the most. In 2012 May, intermediate input price index was 53.6%, a decline of 4.3 percentage points. Sub-industry, service industry between the price index for 54.5%; construction industry between the price index for 49.7%. The 19 industry, handling and storage, Internet software and information technology services, resident services and repair industry, hotel industry, leasing and business services and catering industry and other industries is higher than 50%; the housing industry, wholesale trade and water transport industry in 3 less than 50%.The price index dropped to less than 50%. In 2012 May, the price index for 48.5%, relatively on the month drops 1.8 percentage points. Sub-industry, service price index 48.2%; construction price index 49.9%. The 19 industry, leasing and business services, water transportation, ecological protect environment improvement and public facilities management industry, handling and warehousing, resident services and repair industry and railway transportation industry and other industries is higher than 50%; wholesale and retail, lodging industry, telecommunications broadcast television and satellite transmission services, real estate industry and building industry below 50%.Business activity preFutures indexTo maintain the high number. In 2012 May, business activities are expected index for 65.4%, than going up the month dropped 0.7 percentage points. Branch industry, construction industry business activity index for the expected 66%; service business activity index for the expected 65.2%. The 19 industry, postal services, air transport, telecommunications broadcast television and satellite transmission services and housing industries and other industries more than 70%; wholesale business, Internet and software information technology services, leasing and business services and retail industries more than 60%; resident services and repair industry, the real estate industry and water transport industry in 50%-60%.Non manufacturing PMI1 seasonal adjustmentSurveys of purchasing managers is a monthly survey, affected by seasonal factors, data fluctuation. At present, China?s manufacturing PMI time sequence has to meet the seasonal adjustment technology requirement, since 2012 March released after adjustment for non-manufacturing PMI index classification.2 indicators to explainChina non-manufacturing PMI index system, the business activity index, new orders index, the new export orders index, index, stock index orders in hand, intermediate input price index, price index, practitioners index, supplier delivery time index, business activities of 10 index such as the classification index. Since there is no synthetic non-manufacturing PMI index, use normally on international business activity index of reflecting the manufacturing industry of economic development, economic strength to 50% as the cut-off point, higher than 50%, reflecting the manufacturing industry economic expansion; below 50%, reflecting a manufacturing economy to contract.3 the scope of the investigationRelating to the ?classification of national economic industries? (GB/T4754-2011) of manufacturing industry in 27 industry categories, from the manufacturing industry enterprise selected 1200 sample enterprise investigation.4 methods of investigationNon manufacturing purchasing managers were investigated using PPS (Probability Proportional to Size) sampling method, the manufacturing industry categories for the layer, sample quantity according to the industry increases a value to occupy all of manufacturing industry increases value proportion allocation, layer samples using and enterprises by main business income proportional probability sampling.The present investigation used network direct reporting to investigate patterns of Enterprise Purchasing Manager Purchasing Manager for the monthly questionnaire.5 calculation methodNon Manufacturing Purchasing Manager questionnaire concerning the business volume, new orders (business), export, inventory, orders in hand, intermediate input prices, prices, employee, supplier delivery time, business activities are expected in 10 problems. For each question were calculated diffusion index, namely the positive answer enterprise number percentage plus half of the percentage of answer.

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