National Bureau of Statistics: February Non-Manufacturing New Orders Index at 45.2%

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According to data from the National Bureau of Statistics, the non-manufacturing new order index in February was 45.2%, down 0.9 percentage points from the previous month, indicating a slowdown in market demand in the non-manufacturing sector. By industry, the new order index for construction was 42.2%, up 2.1 percentage points from the previous month; the service industry’s new order index was 45.7%, down 1.4 percentage points. The input price index was 50.9%, up 0.9 percentage points from the previous month, indicating an overall increase in the prices of inputs used by non-manufacturing enterprises for their operations. By industry, the input price index for construction was 49.1%, down 2.9 percentage points from the previous month; the service industry’s input price index was 51.2%, up 1.5 percentage points.

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