Latest News:  

English>>Business

China's non-manufacturing sector continues to improve (2)

(Xinhua)

09:24, January 04, 2013

The sub-index for new export orders stayed above 50 percent for the second months, while the employment sub-index rose for the third straight month to reach 52.1 percent.

The sub-index for intermediate input prices gained 1.3 percentage points month on month to 53.8 percent due to bad weather and festivals such as Christmas.

Two sub-indices, including that for business activity expectations and in-hand orders, either stayed unchanged or dropped from the previous month.

In terms of industries, the service and infrastructure industries are expected to play a bigger role in shoring up growth, according to the CFLP.

As the PMI and new order sub-index continued to run at high levels, the service industry has become a main driver of the non-manufacturing sector.

The infrastructure industry PMI stayed above 60 percent for the third month, and its new order sub-index reached the year's new high, indicating a fast growth pace in infrastructure investment in months to come.

To buoy the economy, authorities have earlier in the year introduced a string of pro-growth measures, including approving massive construction projects and cutting interest rates.

The CFLP's non-manufacturing PMI is based on a survey of about 1,200 companies in 27 industries, including transportation, catering and software development.


【1】 【2】

Email|Print|Comments(Editor:黄蓓蓓、梁军)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Images of 2nd Chinese naval escort taskforce

  2. 5 minutes to get into combat state

  3. Afghan refugees' daily life in Iran

  4. 2012 year in review: Steps of growth

  5. Lunar new year flower market in HK

  6. Sports car makers look to ignite passions

  7. Stunning sunset scene in Kenting Park in Taiwan

  8. Early Apple computer and tablet designs

Most Popular

Opinions

  1. Why ‘Chinese style road crossing’ occurs
  2. Time to abandon obsession with theme parks
  3. No grand glory, but plenty to cheer about
  4. Optimism over China's economy surfaces
  5. Internet gaming: 'A winning gamble'
  6. People have right to know what chickens eat
  7. Catchwords in memory in 2012
  8. Why the young Chinese get physically weaker
  9. Why Discover China is popular in the West
  10. The laughter sounds too harsh

What’s happening in China

1.8 mln to sit 2013 postgraduate admission exams

  1. New measures drafted against online video piracy
  2. Charities' 'full scores' on transparency mocked
  3. Court rejects village official's labor camp appeal
  4. Outdoor restroom collapse kills 2 students
  5. First subway to cross Yangtze opens