China News Service, Beijing, March 1 (Reporter Ruan Yulin) According to data released by the China Federation of Logistics and Purchasing on the 1st, China's non-manufacturing business activity index was 51 in February4%, up 07 percentage points, rising for three consecutive months, and the increase has expanded compared with the previous month, indicating that non-manufacturing economic activities continue to gather momentum, the economy continues to rise steadily, and the momentum is further consolidated.
In 2024, the Spring Festival consumer demand will be fully released, laying the foundation for the steady growth of consumption in the first quarter. Judging from the changes in industry data, Spring Festival consumption is reflected in physical consumption, scenic tourism, transportation, and culture, sports and entertainment. The business activity indices of retail, accommodation, catering, scenic spots, air transport, telecommunications, Internet and software technology services, and culture, sports and entertainment-related industries all increased to varying degrees from the previous month.
Among the individual indexes, the new orders index was 468%, down 08 percentage points, but the full resumption of work and production in March will drive the concentrated release of demand for construction and production-related services, and there is a foundation for the rebound of non-manufacturing demand. In the same month, the employment index was 47%, unchanged from the previous month. The inputs** index is 506%, up 1 percentage point from the previous month. Among the 21 industries, 13 industries, such as catering, railway transportation, leasing and business services, and postal services, have an input** index above 50%.
In February, the business activity expectation index was 577%, down 2 percentage points from the previous month. In terms of industries, the business activity expectation index of the construction industry was 557%；The expected index of business activity in the services sector was 581%。Among the 21 industries, 4 industries, including finance and air transport, are above 60%.
According to the analysis, on the whole, in the first two months of this year, the non-manufacturing industry maintained a steady upward development trend, investment and consumption-related industries have positive performance, financial support for the real economy has also maintained a positive trend, and the economy has continued to accumulate stable and upward momentum. (ENDS).