国家统计局服务业调查中心、中国物流与采购联合会昨天发布的报告显示，2月中国非制造业商务活动指数（非制造业PMI）为54.5%，比上月回落1.7个百分点，结束了此前连续四月的环比上升趋势。专家分析指出，非制造业经济增速虽有所放缓，但整体仍延续去年以来的较快增长格局。

The national bureau of statistics service industry research center/The China federation of logistics and purchasing according to a report released yesterday,In February China's non-manufacturing index of business activity(Non-manufacturing PMI)Of 54.5%,Than fell 1.7% last month,Ended after consecutive month-on-month rise in April.Experts pointed out that,Manufacturing growth has slowed,But the overall is still continuation of last year's rapid growth pattern.

数据：指数回落1.7个百分点 The data:Index fell 1.7%

　　公布的数据显示，继1月非制造业PMI报56.2%之后，2月非制造业PMI回落至54.5%，仍运行在较高水平。

According to data released,After January non-manufacturing PMI was 56.2%,Non-manufacturing PMI fell back to 54.5% in February,Is still running at a higher level.

　　单项指数上，收费价格指数、从业人员指数和业务活动预期指数与上月相比上升；新订单、新出口订单、在手订单、存货、中间投入价格和供应商配送时间指数环比有所下降。其中，业务活动预期指数升幅最大，比上月上升1.3个百分点至62.7%，表明非制造业企业对未来市场预期保持乐观。

On the single index,Price indices/Index of practitioners and business expectations index rise compared with last month;The new orders/New export orders/In the order/The inventory/Intermediate input index fell month-on-month price and supplier delivery time.Among them,Most business activities expectations index rose,Between 1.3% and 62.7% higher than last month,Indicates that the manufacturing enterprise market expectations remain optimistic about the future.

　　具体行业上，2月居民出行和日常消费的运输业和零售业表现活跃。其中，航空运输业的商务活动指数和新订单指数均居19个消费服务行业之首，而零售业的商务活动和新订单指数均运行在60%以上。此外，电信广播电视和卫星传输服务业的商务活动指数也达到了58.7%的较高水平，反映出2月信息消费的活跃。而房地产业继续延续淡季特征，但业务活动预期创近两年新高，反映企业预期趋于乐观。

On the specific industry,February residents travel and daily consumption of active transport and retail.Among them,Aviation transportation industry's business activity index and index of new orders are among the top of the 19 consumer service industry in China,And retail business activity and new orders index is running at more than 60%.In addition,Telecom, broadcasting and TV transmission and satellite services business activity index has reached a higher level of 58.7%,Reflect the activity of information consumption in February.The real estate industry to carry on the off-season,But expectations of record in the past two years business activities,Reflect the enterprise tend to be more optimistic.

　　值得注意的是，在节约风气的持续影响下，餐饮业新订单指数已经连续两个月回落，2月业务活动预期指数报42.3%，创出历史最低水平。

It is worth noting,In atmosphere under the influence of continuous saving,Restaurant industry the new orders index has dropped for two consecutive months,February business expectations index was 42.3%,Hit record lows.

分析：施工淡季导致指数回调 analysis:Construction of season led to index the callback

　　针对不同2月份非制造业的表现，中国物流与采购联合会副会长蔡进表示，2月，受建筑业施工淡季的影响，建筑业活动回调，成为本月非制造业经济活动较上月有所回调的主要因素。据了解，2月建筑业商务活动指数和新订单指数较上月均有较大幅度回落，在主要行业中，房屋建筑业和建筑装饰及安装业回落较为明显。数据显示，建筑业商务活动指数环比回落3.6个百分点至58%。

According to different manufacturing performance in February,Cai Jin, vice chairman of China federation of logistics and purchasing said,In February,Affected by construction the construction season,Construction activity callback,Become non-manufacturing activity this month than last month callback. The main factors.We have learned,February construction business activity index and index of new orders from the previous month has dropped significantly,In the major industries,Housing construction and architectural decoration and installation industry fell more obvious.According to data,Construction business activity index dropped from 3.6% to 3.6%.

　非制造业有望继续向好 Manufacturing industry is expected to continue to improve

　　据了解，今年1月，消费性服务业和土木工程建筑业的商务活动指数均较上月明显提升，使得1月非制造业PMI成为自去年9月以来最高。而今年2月土木工程建筑业仍保持较好的发展态势，其新订单指数再次创出自2012年3月以来的新高，意味着基础建设投资有望在今年持续发力稳增长，投资需求对经济的拉动作用持续增强。蔡进表示，结合前两个月的数据变化分析，今年非制造业经济将延续较快的增长格局，而伴随着施工和消费旺季的来临，有望继续向好。

We have learned,In January of this year,Consumer services and civil engineering construction business activity index from the previous month are improved significantly,Makes January non-manufacturing PMI highest since last September.And civil engineering construction in February still keep good development momentum,Again the new orders index hit a record high since March 2012,Means that the infrastructure investment is expected to continue this year with steady growth,Investment demand pull effect on the economy continues to strengthen.Cai Jin said,Combined with the first two months of data change analysis,Nonmanufacturing economy this year will continue rapid growth,And with the coming of the season construction and consumption,Is expected to continue to improve.

　　值得注意的是，成本推动价格上涨的压力仍然存在。数据显示，2月建筑业中间投入价格指数回落幅度较大，导致中间投入价格指数较上月回调2个百分点至56.2%，显示本月价格涨幅虽有所回落，但指数仍保持在较高水平。物流与采购联合会指出，不排除是因施工淡季而引致上游产品价格的短暂回落，仍需警惕价格过快上涨给企业带来的经营压力。

It is worth noting,The pressure of the rising costs push prices still exist.According to data,February construction intermediate input price index back too,Lead to intermediate input price index, a callback from 2% to 56.2% last month,Show this month though prices fell back,But the index remains at a higher level.Federation of logistics and purchasing said,Do not rule out is the upstream is caused by construction of season product prices briefly fell back,Still need to be alert to the price rise rapidly brings to the enterprise operating pressure.