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China's non-manufacturing PMI rebounds to 58 in Mar

Apr. 5, 2012 (China Knowledge) - China's non-manufacturing purchasing managers' index (PMI), a major indicator of the strength of the non-manufacturing sector, rose to 58 in March this year, up 0.7 points from February, according to figures released by the China Federation of Logistics and Purchasing (CFLP).

A reading on index above 50 indicates expansion, while the index below 50 indicates contraction.

Cai Jin, Vice President of the CFLP, said that increase in the non-manufacturing PMI indicated a steady growth in non-manufacturing sector, due to rising market demands.
After seasonal adjustment, the new order index increased 0.8 points from February to 53.5 last month. The new order index in the construction sector was 56.3, followed by 52.8 in the consumer service sector.
The new export order index saw the biggest rise of 7.5 points in March.

The intermediate input price index grew 1.2 points from the previous month to 60.2 in March. The intermediate input price index in the consumer service sector was 60.1% last month and was 60.6% in the construction sector.

The non-manufacturing PMI is based on a survey of about 1,200 firms in 20 industries, including transport, real estate, retailing, catering and software.

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