China’s December Non-Manufacturing PMI Rises to 54.1

Following is a table for China’s non-manufacturing purchasing manager’s index (PMI) in December released by the Beijing-based National Bureau of Statistics and Federation of Logistics and Purchasing.

The non-manufacturing PMI, is based on data compiled from monthly replies to questionnaires sent to purchasing executives of 1200 companies in 27 non-manufacturing industries.

===========================================================================
                             Dec.   Nov.   Oct.  Sept.   Aug.   July   June
                             2014   2014   2014   2014   2014   2014   2014
===========================================================================
                            -------------------- Index --------------------
Non-manufacturing PMI        54.1   53.9   53.8   54.0   54.4   54.2   55.0
 New Orders                  50.5   50.1   51.0   49.5   50.0   50.7   50.7
 Input Prices                50.1   50.6   52.0   49.8   52.2   53.4   56.0
 Price Charged               47.3   47.7   48.8   47.3   48.3   49.5   50.8
 Employment                  49.1   49.5   48.9   49.5   49.6   49.3   50.4
 Expectations                59.5   59.7   59.9   60.9   61.2   61.5   60.4
===========================================================================
                             Dec.   Nov.   Oct.  Sept.   Aug.   July   June
                             2014   2014   2014   2014   2014   2014   2014
===========================================================================
                            --------- Month-on-month level change ---------
Non-manufacturing PMI         0.2    0.1   -0.2   -0.4    0.2   -0.8   -0.5
 New Orders                   0.4   -0.9    1.5   -0.5   -0.7      0     -2
 Input Prices                -0.5   -1.4    2.2   -2.4   -1.2   -2.6    1.5
 Price Charged               -0.4   -1.1    1.5     -1   -1.2   -1.3    1.8
 Employment                  -0.4    0.6   -0.6   -0.1    0.3   -1.1   -0.5
 Expectations                -0.2   -0.2     -1   -0.3   -0.3    1.1   -0.3
                            ------------- Three-month average -------------
Non-manufacturing PMI        53.9   53.9   54.1   54.2   54.5   54.9   55.1
 New Orders                  50.5   50.2   50.2   50.1   50.5   51.4   51.4
 Input Prices                50.9   50.8   51.3   51.8   53.9   54.6   54.3
 Price Charged               47.9   47.9   48.1   48.4   49.5   49.8   49.7
 Employment                  49.2   49.3   49.3   49.5   49.8   50.2   50.5
 Expectations                59.7   60.2   60.7   61.2   61.0   60.9   60.9
===========================================================================

Note 1: 3-month averages are calculated by Bloomberg News. Note 2: Figures are seasonally adjusted.

Source: National Bureau of Statistics

China Federation of Logistics and Purchasing

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