In May 2019, China'S Non Manufacturing Business Activity Index Was 54.3%.

Operation of China's non Manufacturing Purchasing Managers Index

In May 2019, China's non manufacturing business activity index was 54.3%, unchanged from last month, indicating that the non manufacturing sector continued to develop steadily and rapidly.

According to the industry, the business activity index of the service sector was 53.5%, an increase of 0.2 percentage points from last month, and the service industry continued to maintain a relatively fast growth trend.

In terms of industry, business activities index such as railway pportation, air pport, postal industry, accommodation, telecommunications, broadcasting and satellite pmission services, Internet software and information technology services and other industries are located in the high and strong economic range of more than 60%. Related business activities are more active, business volume is growing rapidly; wholesale business, capital market services, insurance and other industries business activity index is below the critical point, and the industry boom has dropped.

The construction business activity index was 58.6%, down 1.5 percentage points from last month, still located in the higher boom area, and the construction industry continued to expand rapidly.

The new order index was 50.3%, down 0.5 percentage points from last month, above the critical point, indicating that the growth rate of demand for non manufacturing industries has slowed down.

According to the industry, the new order index of the service sector was 50%, down 0.2 percentage points from last month, at the critical point; the construction industry new order index was 52.1%, down 2.5 percentage points from last month.

The price index of the input products was 52.2%, down 0.8 percentage points from last month, which is above the critical point. It shows that the overall level of input prices of non manufacturing enterprises for business activities continues to rise, but the increase is narrowed.

According to the industry, the price index of the service industry input is 51.7%, down 0.8 percentage points from last month, and the construction industry input price index is 55.1%, down 1 percentage points from last month.

The sales price index was 49.9%, down 0.6 percentage points from last month, below the critical point, indicating that the overall level of non manufacturing sales prices has dropped.

According to the industry, the sales price index of the service sector was 49.5%, down 0.6 percentage points from last month, and the construction industry sales price index was 52.6%, down 0.5 percentage points from last month.

The employment index is 48.3%, down 0.4 percentage points from last month, which is below the critical point, indicating that the number of non manufacturing enterprises is decreasing.

According to the industry, the index of service industry employees is 47.9%, down 0.6 percentage points from last month, and the construction industry employment index is 50.6%, up 0.4 percentage points from last month.

The business activity expectation index is 60.2%, down 0.1 percentage points from last month, and is still in the high and high economic zone, indicating that the non manufacturing enterprises remain optimistic about the future development.

According to the industry, the service sector business activity index is 59.5%, down 0.5 percentage points from last month, and the construction industry activity activity index is 64.1%, up 2.2 percentage points from last month.