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Analysis of Non-Manufacturing Business Activity Index for June 2024: Non-Manufacturing Continues to Expand

author:China Business Intelligence Network

China Business Intelligence Network News: In June, the non-manufacturing business activity index was 50.5%, down 0.6 percentage points from the previous month, higher than the critical point, and the non-manufacturing industry continued to expand.

Analysis of Non-Manufacturing Business Activity Index for June 2024: Non-Manufacturing Continues to Expand

Data source: National Bureau of Statistics, China Business Industry Research Institute

By industry, the business activity index of the construction industry was 52.3 percent, down 2.1 percentage points from the previous month, and the business activity index of the service industry was 50.2 percent, down 0.3 percentage points from the previous month. From the perspective of industries, the business activity index of air transport, postal services, telecommunications, radio and television and satellite transmission services, monetary and financial services, insurance and other industries is in the relatively prosperous range of more than 55.0%; The business activity index of capital market services, real estate and other industries is below the critical point.

Analysis of Non-Manufacturing Business Activity Index for June 2024: Non-Manufacturing Continues to Expand

Data source: National Bureau of Statistics, China Business Industry Research Institute

The new orders index was 46.7%, down 0.2 percentage points from the previous month, indicating that the demand for non-manufacturing market demand fell slightly. By industry, the new orders index of the construction industry was 44.1%, unchanged from the previous month; The new orders index of the service industry was 47.1%, down 0.3 percentage points from the previous month.

The input price index was 49.6 percent, down 0.1 percentage points from the previous month, indicating that the overall level of input prices used by non-manufacturing enterprises for business activities has declined. By industry, the input price index of the construction industry was 51.7 percent, down 1.9 percentage points from the previous month, and the input price index of the service industry was 49.3 percent, up 0.3 percentage points from the previous month.

The sales price index was 47.6 percent, down 0.2 percentage points from the previous month, indicating that the overall level of non-manufacturing sales prices continued to fall. By industry, the sales price index of the construction industry was 49.0 percent, down 0.7 percentage points from the previous month, and the sales price index of the service industry was 47.4 percent, down 0.1 percentage points from the previous month.

The employment index was 45.8%, down 0.4 percentage points from the previous month, indicating that the employment prosperity of non-manufacturing enterprises has decreased. By industry, the employment index of the construction industry was 42.9 percent, down 0.4 percentage points from the previous month, and the employment index of the service industry was 46.3 percent, down 0.4 percentage points from the previous month.

The business activity expectation index was 57.2%, up 0.3 percentage points from the previous month, and continued to be in a relatively high boom range, indicating that non-manufacturing enterprises remain optimistic about the market development prospects. By industry, the expected index of business activities in the construction industry was 54.7 percent, down 1.6 percentage points from the previous month, and the expected index of business activities in the service industry was 57.6 percent, up 0.6 percentage points from the previous month.

Analysis of Non-Manufacturing Business Activity Index for June 2024: Non-Manufacturing Continues to Expand
Analysis of Non-Manufacturing Business Activity Index for June 2024: Non-Manufacturing Continues to Expand

For more information, please refer to the "Research Report on Market Prospects and Investment Opportunities of China's Intelligent Manufacturing Industry" released by the China Commercial Industry Research Institute, and the China Commercial Industry Research Institute also provides industrial big data, industrial intelligence, industry research reports, industry white papers, industry status certificates, feasibility study reports, industrial planning, industrial chain investment map, industrial investment guidelines, industrial chain investment investigation & promotion meeting, "15th Five-Year Plan" and other consulting services.

Analysis of Non-Manufacturing Business Activity Index for June 2024: Non-Manufacturing Continues to Expand

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