Nov. 5, 2012 (China Knowledge) - China
's non-manufacturing purchasing managers' index (PMI), a major indicator of the strength of the non-manufacturing sector, increased to 55.5 in October this year, up 1.8 points from September, 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 points from September to 51.6 last month. The new order index in the construction sector stood at 55.4, followed by 50.7 in the service sector.
The intermediate input price index rose 0.6 points from the previous month to 58.1 in October. The intermediate input price index in the service sector was 57.2 last month and was 61.5 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.