Jun. 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 55.2 in May this year, down 0.9 point from April, 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.
After seasonal adjustment, the new order index decreased 0.2 point from April to 52.5 last month. The new order index in the construction sector was 54.2, nearly unchanged compared with that of April, while the new order index in the consumer service sector was 0.2 percentage point lower than that of April and reached 52.1.
The intermediate input price index declined 1.8 points from the previous month to 48.5 in May.
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.