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China's non-manufacturing PMI rebounds to 56.3 in Aug

Sep. 3, 2012 (China Knowledge) - China's non-manufacturing purchasing managers' index (PMI), a major indicator of the strength of the non-manufacturing sector, increased to 56.3 in August this year, up 0.7 points from July, 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.

In the construction sector, the non-manufacturing PMI rose 0.7 points from July to 61.1 last month, while the figure in the service sector declined 0.7 points to 55.1.
After seasonal adjustment, the new order index further decreased 0.5 points from July to 52.7 last month. The new order index in the construction sector dropped 1.7 points to 55.3, followed by 52.1 in the service sector, 0.1 points lower than in July.

The intermediate input price index rose 7.9 points from the previous month to 57.6 in August. The intermediate input price index in the service sector was 59.3 last month and was 50.9 in the construction sector, up 8.8 points and 4.7 points MoM, respectively.

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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