Non-manufacturing PMI April Ultra 60% consecutive

Commercial News (reporter Dingkaiyan, trainee journalist Wang Fang) China's non-manufacturing Business Activity index (non-manufacturing PMI) was 60.5% in October, down 1.2% from last month, according to data released yesterday by the Chinese Federation of Logistics and purchasing.　　Analysts believe that, despite a slight pullback, the non-manufacturing PMI has remained above 60% for 4 consecutive months, suggesting that inflation expectations remain. China's non-manufacturing PMI system, which consists of 10 proliferation indices, such as new orders and business activity expectations, and an index of more than 50% per cent reflects the overall rise or growth of the non-manufacturing economy, below 50% reflecting the decline or fall of the non-manufacturing economy.　　In the October non-manufacturing PMI indices, all but the new export orders index, inventory index and intermediate input price index went up, and the other major indices fell.　　China Logistics and Procurement Federation issued an analysis of the report that the property market two times the impact of the policy, real estate activity has come down, the construction industry Business activity index fell 4.6%, is the main reason for the decline of the manufacturing PMI.　　Tang Jianwei, senior macro analyst at the Bank of Communications Finance Research Center, said that while real estate and construction activities have a greater impact on non-manufacturing PMI, the future growth of the industry's support for non-manufacturing PMI will rise, influenced by encouraging consumption policies and rising consumer demand in services. Tang Jianwei also believes that the October non-manufacturing PMI, although a slight decline, but inflation expectations remain. "Can not take one months of small fall to determine the economic situation, the non-manufacturing PMI 4 consecutive months to maintain more than 60% high operation, indicating that China's non-manufacturing economy is running well, but the inflation warning still exists." ”