The recovery of Chinese business activities in August weakened

Data show that the recovery of Chinese business activities in August weakened.

According to the China News Agency, the data released by the China Logistics and Procurement Federation on Wednesday (August 31) shows that the Chinese non -manufacturing business activity index in August was 52.6%, a decrease of 1.2 percentage points from the previous month.The month -on -month decrease was decreased for two consecutive months, and the recovery intensity weakened.

The branch industry, the service industry and construction industry business activities index is 51.9%and 56.5%, respectively, decreased by 0.9 and 2.7 percentage points from the previous month.From the perspective of the service industry, of the 18 industries, the business activities index of 13 industries decreased compared with the previous month.The business activities index of the catering industry, aviation transportation industry, scenic service industry, and cultural and sports entertainment industries have decreased significantly compared with the previous month.

In August, the new order index of non -manufacturing industry was 49.8%, a slight increase of 0.1 percentage points from the previous month.The continuous demand for the construction industry has stabilized the non -manufacturing market demand to a certain extent.The new order index of the construction industry is 53.4%, an increase of 2.3 percentage points from the previous month, and the month -on -month increase in four consecutive months, indicating that the basis of continuous investment in investment is relatively stable. Driven by a series of investment -related policies, infrastructure investment in the second half of the year is expected to maintainGood growth.

Analysts pointed out that although the non -manufacturing new order index has stopped falling, it is still less than 50%. The growth of service industry's demand is weak and dragged down the overall demand for non -manufacturing.Repeated epidemic is still the main factor that plagues the increase in demand for the service industry.Industries with large declines in the new order index are also concentrated in contact services such as catering, aviation transportation and cultural and physical entertainment.

In August, the expected index of non -manufacturing business activities was 58.4%, a decrease of 0.7 percentage points from the previous month.From the perspective of the branch industry, the construction and service industries are expected to differentiate.Driven by the continuous demand of the construction industry, the construction enterprise is expected to heat up.

Analysis believes that in general, the business activity index is still above 52%, showing that non -manufacturing business activities still maintain a recovery trend, but the recovery has weakened.Under the influence of the epidemic, the growth of consumer -related service industries has slowed down and weakened expected, but the foundation of investment demand is relatively stable, and the steady growth of investment is worth looking forward to.