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MENAFN - 04/02/2013

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(MENAFN) The China Federation of Logistics and Purchasing (CFLP) stated that the country's Purchasing Managers Index (PMI) of the non-manufacturing sector rose 0.1 percentage points in January from a month before to 56.2 percent, reported Xinhua News.

The CFLP said that the slight rise shows an increase in the non-manufacturing activity, which is attributed in part to strong retail trade due to the coming Spring Festival.

The federation noted that January's increase marks the fourth straight month of gains for the index.

The retail activity index grew 4.5 percentage points in the month to 71.1 percent, driven by the annual buying spree ahead of the Spring Festival, with businesses being most active in January.

Meanwhile, the sub-index for new orders fell 0.6 percentage point to 53.7 percent, whereas the sub-index for new export orders gained 0.1 percentage points to 52.6 percent.

Furthermore, the sub-index of intermediate input prices increased 4.4 percentage points, reaching its highest level in almost 10 months, at 58.2 percent.

 






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