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China's non-manufacturing PMI rises to 55.6 in Nov

Dec. 4, 2012 (China Knowledge) - China's non-manufacturing purchasing managers' index (PMI), a major indicator of the strength of the non-manufacturing sector, increased to 55.6 in November this year, up 0.1 points from October, 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 increased 1.6 points from October to 53.2 last month. The new order index in the construction sector stood at 58.1, followed by 52.0 in the service sector.

The intermediate input price index dropped 5.6 points from the previous month to 52.5 in November. The intermediate input price index in the service sector was 52.5 last month and was 52.9 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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