Non-manufacturing economic activity continued to grow in November but slowed

November China's non-manufacturing purchasing Managers index (PMI) Business Activity Index of 52.3%, the chain down 9.8%, indicating that China's non-manufacturing economic activities continue to grow, but the growth rate has slowed down, needs to be further nurtured. From the main index changes, the current non-manufacturing economic activities mainly show the following characteristics: The service market demand has declined. The November non-manufacturing New Order index was 49.1%, falling 7.6% per cent on the chain, the third time since this year that the index has fallen below 50%. The number of new orders in 12 sectors has declined in 20 sectors, and the declining sectors are concentrated in services.　　Among them are affected by seasonal consumption factors such as lodging industry, catering, etc., and manufacturing production and sales activities closely related to industries such as transport, the means of wholesale and retail trade. Enterprise management faces the rising cost of pressure. The November non-manufacturing intermediate price input index was 59.5%, and the chain rose by 4.5%. Since April this year, the median input price index has remained above 50% for 8 consecutive months, reaching its highest value this month.　　From the perspective of corporate feedback, raw materials, fuel and other prices of rising costs to enterprises, has become a common problem of non-manufacturing enterprises. The company still maintains good expectations for future market changes. The November non-manufacturing PMI Business Activity Forecast Index was 64.7%, up 0.5% per cent. The index has remained above 60% for 9 consecutive months.　　In 20 industries, 19 businesses have a positive outlook for the future. November, the Business activity index of producer services was 53.6%, the chain fell 6%. The index remained above 53% for 5 consecutive months. In contrast to changes in business activities, demand for producer services declined in November. Its new Order index, 48%, fell 8.4% on the chain, the index fell to below 50% for the third time this year. The main industries that led to the fall in demand for producer services this month were the wholesale and retail trade in transport and means of production. (China Federation of Logistics and purchasing)