February Non-manufacturing Business activity index was 44%

China's logistics and Purchasing Association announced 3rd that China's non-manufacturing Business Activity index was 44.1% in February, down 12.3% from last month, creating a new low of nearly two years. From the point of view of the index, in February, in addition to the price and the expected index of business activities rebounded, the rest of the main index showed varying degrees of decline. The New Order index, 45.1%, fell 8% from last month.　　In 20 industries, the environment and public facilities management industry, road transport and air transport industry and other industries are above 50%, construction and installation industry, building decoration industry and railway transportation industry, such as 50%, accommodation industry, other services, wholesale, real estate and pipelines and other transport and warehousing industry and other industries below 50%. China Logistics and Procurement Association responsible person said the February decline is mainly affected by seasonal factors. Excluding seasonal factors, the current trend of non-manufacturing economic activity remains within the normal trend range. The month Business Activity expected index is still slightly up 0.6%, to 68.7%, for four consecutive months to maintain the trend of the chain, indicating that the market is still optimistic about expectations. (Han Xiaodong)