Latest News:  
Beijing   Sunny/Cloudy    2 / -8   City Forecast

People's Daily Online>>China Business

Non-industrial activities surge on robust demand

By Wang Yanlin (Shanghai Daily)

10:07, January 05, 2012

China's non-manufacturing activities expanded in December after rebounding strongly due to growing demand in the run-up to New Year and the Spring Festival later in the month.

The official non-manufacturing Purchasing Managers' Index, an indicator of vitality in service industries, rose to 56 in December from November's 49.7, the China Federation of Logistics and Purchasing said yesterday.

A reading above 50 signals growth while that below 50 points to contraction. The rise in December occurred following a two-month contraction.

"China's service activities returned to expansion after a brief period of contraction," said Cai Jin, vice president of the federation. "It indicated a stabilizing economy, and growing demand prior to a festive-laden January."

Cai added that further reform and a more favorable taxation policy will promote a stable development of the service industry and consumer demand.

The federation's report, based on a survey of about 1,200 companies in 20 non-manufacturing industries like transport, retail and catering, said the robust business of retailers and restaurants was the driving force shoring up the service PMI in December.

It also added that logistics was active amid increased online shopping during the pre-holiday season.

The component indices showed that consumer services rose 9.1 points from a month earlier to 55.1 in December, and new orders gained 5.9 points from November to 50.8.

The index for business activities and new orders in the retail sector both climbed to above 70, the federation said.

But the real estate sector remained flat in December as the index for its business activities finished at 44.3.

Email|Print|Comments(Editor:张茜)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Richard Clayderman performs in China

  2. Strawberries cultivated by patented technique

  3. Facing rare opportunities

  4. Yang Mi releases debut album "Close to Me"

Most Popular

Opinions

  1. Will Japan's economy recover in 2012?
  2. It is the China naysayers who are doomed to fail
  3. Common development with neighbors
  4. Japan's case of flawed priority
  5. Move to send 'alarming signal' across Asia
  6. EU's airline carbon tax may backfire
  7. Asian countries refuse to 'take side'
  8. US uses 'hedging strategy' to deal with China's rise
  9. What is behind US 'Return-to-Asia' strategy?
  10. China's GDP growth may slow to 8 pct in 2012

What's happening in China

Guiyang City experiences extensive snowfall

  1. More sexual assault at work reported
  2. Shanghai remains free of bird flu virus
  3. Dog executed by airport after Beijing flight
  4. Court sentences 19 child traffickers to prison
  5. Driver too fast in bus crash that killed 15

PD Online Data

  1. Traditional Mooncakes
  2. About Mooncakes
  3. History of Mooncakes
  4. Modern Mooncakes
  5. Legends of Mid-Autumn Festival