China Non-Manufacturing Purchasing Managers Index (PMI) is an alternative indicator of China's service sector PMI, which is calculated by state statistics bodies. The calculation is based on a monthly survey of purchasing managers from 4000 Chinese service sector companies.
The questionnaire includes questions about the following business condition aspects in the past month: production, new orders, inventories, prices, employment, supplier deliveries, expectations for business activity for the next 6 months.
Readings above 50 point to a general growth of service sector activity, and readings below 50 indicate a decline. Growth of non-manufacturing PMI may affect yuan quotes positively.
