China' PMI of non-manufacturing sector rises to 58.4% in March

12:35, April 03, 2010      

Email | Print | Subscribe | Comments | Forum 

China's Purchasing Managers' Index (PMI) of the non-manufacturing sector rose to 58.4 percent in March, a rebound of12 percentage points from February, when the index fell below the boom-bust line of 50 percent for the first time since a year earlier, an industrial association said Saturday.

The PMI, designed to provide a real-time snapshot of business conditions, includes a package of indices including new orders, inventory levels, production and others that measure economic performance. A reading of above 50 percent suggests expansion, while one below 50 percent indicates contraction.

The rise of the index indicated robust market activities in service sectors, which combined with an optimistic outlook that would encourage private investment and promote healthy and coordinated development of national economy, said the China Federation of Logistics and Purchasing (CFLP) vice president Cai Jin.

According to the CFLP survey, the new order sub-index for China's non-manufacturing sector climbed to 54.6 percent last month, up 8.4 percentage points than February. The outlook sub-index was 70.4 percent, up 2.4 percentage points.

The CFLP survey covers 20 non-manufacturing industries, including logistics, wholesale, hospitality, supermarkets and construction.

The PMI for manufacturing sectors rose to 55.1 percent in March, the 13th straight month that the index was above 50 percent.

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
  • Actress Huang Jieqiong performs at the opening ceremony of the Second Ecological and Cultural Tourism Festival in Enshi Tujia and Miao Autonomous Prefecture, central China's Hubei Province, Sept. 26, 2011. (Xinhua/Hao Tongqian)
  • Photo taken on Sept. 27, 2011 shows the Erqi Yangtze River Bridge in Wuhan, capital of central China's Hubei Province. The two sections of the bridge were joined on Tuesday. The seventh cross-Yangtze River bridge of Wuhan City is the largest three-tower cable-stayed bridge with 616 meters of main span. The bridge is expected to be put into operation in the end of 2011. (Xinhua/Xiao Yijiu)
  • Members of civil organizations who oppose laws that allow voluntary abortion, participate in a protest in front of the Supreme Court in Mexico City, capital of Mexico, on Sept. 26, 2011. The Supreme Court began on Monday a debate on a constitutional reform in the states of Baja California and San Luis Potosi, which establish the beginning of the right to life during conception, contradicting the federal constitution. (Xinhua/Claudio Cruz)
  • Actors perform during the opening ceremony of the China Today Art Week in Malmo, Sweden, Sept. 26, 2011. (Xinhua/Liu Yinan)
  • ATP top 1 and UNICEF National Ambassador for Serbia Novak Djokovic plays with children at kindergarten "Brownie" in Smederevo, central Serbia, on Sept. 26, 2011. The kindergarten is specialized for children with disabilities and refugees. Djokovic was appointed as a UNICEF National Ambassador for Serbia last August. (Xinhua/Vladimir Gogic)
Hot Forum Discussion