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1st LD: China's non-manufacturing sector further expands
BEIJING, Feb 02, 2013 (Xinhua via COMTEX) --
Business activity in China's
non-manufacturing sector continued to expand in January, as the
upcoming Spring Festival drove up retails during the period, an
official monthly survey showed Sunday.
The Purchasing Managers Index (PMI) of the non-manufacturing
sector came in at 56.2 percent in January, up 0.1 percentage
points from December, the China Federation of Logistics and
Purchasing (CFLP) said in an online statement.
This marked the fourth straight month of rises, said the CFLP.
A PMI reading above 50 percent indicates expansion from the
previous month, while a reading below 50 percent indicates
contraction.
The sub-index of intermediate input prices logged the biggest
gain of 4.4 percentage points to hit 58.2 percent in January.
Railways transportation, hotel, catering, furnishing and mail
services saw the index of intermediate input prices reaching
beyond 60 percent, while those of water transportation,
eco-environment protection, public facilities management,
Internet, software, real estate and wholesale range between 50
percent and 60 percent during the month.
Cai Jin, vice chairman of the CFLP, alerted the businesses of
possible cost-driven inflationary pressures in the statement.
The sub-index for new export orders retreated 0.6 percentage
point from a month earlier to 53.7 percent, while the new export
orders saw a slight climb of 0.1 percentage point to 52.6 percent.
Other sub-indices, such as in-hand orders, employment and
business outlook declined from a month earlier.
The figures followed Friday's release of the manufacturing
sector PMI, which put the index at 50.4 percent, a sign of steady
growth trend in China's economy.
The CFLP's non-manufacturing PMI is based on a survey of about
1,200 companies in 27 industries, including transportation, real
estate, catering and software development.
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