May. 4, 2012 (China Knowledge) - China
's non-manufacturing purchasing managers' index (PMI), a major indicator of the strength of the non-manufacturing sector, reduced to 56.1 in April this year, down 1.9 points from March, 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 the non-manufacturing PMI remained at a high level of 56.1, indicating a stable market.
After seasonal adjustment, the new order index decreased 0.8 points from March to 52.7 last month. The new order index in the construction sector was 54.3, 2 percentage points lower than in March, while the new order index in the consumer service sector was 0.5 percentage point lower than that of March and reached 52.3.
In Chinese property market, the new order index was 46.5 last month, indicating contraction.
The intermediate input price index declined 2.3 points from the previous month to 57.9 in April.
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.