Beijing, September 9 (ZXS) -- According to data released by the China Federation of Logistics and Purchasing on September 30, China's non-manufacturing business activity index in September was 9.30%, rising from about 9% for two consecutive months, up 51.7 percentage points from the previous month. It shows that the non-manufacturing industry as a whole shows a steady upward trend. The recovery of supply and demand has led to a continuous rise in prices and a better change in market expectations.
Among the individual indexes, the new orders index, new export orders index, inventory index, input price index, sales price index and business activity expectation index increased from the previous month, rising by 0.3 percentage points to 1.5 percentage points, while the employment index was unchanged from the previous month.
According to the analysis, in September, the input price index and the sales price index both increased for four consecutive months; The business activity expectations index rose to 9.4%, ending a six-month streak of month-on-month declines. The construction business activity index and the new orders index both rose for the second consecutive month, while investment-related activity continued to stabilize and rise. The business activity index of the housing construction industry increased significantly, indicating that the progress of housing construction, including affordable housing construction activities, has accelerated. The continuous and stable recovery of the manufacturing industry and the expectation of holiday consumption have led to the active circulation link. At the end of the summer tourism season, activities in accommodation, catering and transportation-related industries have recovered, and it is expected that the consumption of the "National Day" holiday will drive the above industry activities to be active again.
According to the analysis, overall, since the third quarter, the non-manufacturing industry has shown a steady upward trend, and there are signs of improvement on both sides of supply and demand in September. However, it should also be noted that the proportion of enterprises reflecting insufficient market demand is still above 9%, and the recovery of demand still needs to be strengthened. In the fourth quarter, investment and consumption-related activities are expected to continue to unlock growth potential driven by policy-driven and self-healing markets, which in turn will have a positive impact on demand recovery. (End)