China's PMI index drops slightly

China News agency, Beijing, February 3 (Xinhua) China's Non-manufacturing Business Activity Index (PMI) was 55.1% in January 2010, a small drop, according to the latest statistics released today. Statistics show that China's non-manufacturing Business Activity index was 55.1% in January 2010, down 2.4% from last month. The backlog index, inventory index and business activity expected index were picked up in January in China's non-manufacturing PMI individual indices, with the rest of the index falling to varying degrees. The New Order index was a small correction, with a new order index of 52.6%, down 0.8% from last month; New export orders index fell on the month-on-month, the new export Order index was 48.3%, down 1.1% from last month; the fee index fell and the price index was 51.1%　　Fell 1.1% per cent from last month; the Business Activity Forecast index rebounded the most, the Business Activity Forecast index was 68.1%, and it rebounded 2.4% from last month, the biggest rebound in January. Cai Jin, vice president of China Federation of Logistics and Purchasing, told reporters that the January non-manufacturing PMI was down, because of the holiday factors and the excessive overdraft of the early stage real estate transactions, which led to the weakening of the construction and real estate industry and the pullback of the index; January Retail,　　Although the market of consumer services such as catering and transportation is still active, the contribution to economic growth is still weak.　　However, he also believes that with the advent of the Spring Festival, some services will be a more obvious trend of recovery, the whole year to see the growth of the service sector will stabilize. China's non-manufacturing PMI index system consists of business activities, new orders, new export orders, backlog orders, inventories, intermediate input prices, fee prices, employees, supplier delivery time, and expected 10 proliferation indices for business activities. In general, the index is above 50% per cent, reflecting a general rise or increase in the non-manufacturing sector, or below 50%, reflecting the decline or fall of the non-manufacturing economy. Finish