9月中国非制造业商务活动指数重回扩张区间

中国9月非制造业商务活动指数升至50.2%，环比上升1.2个百分点，重新进入扩张区间1。该指数较去年同期上升0.2个百分点1。

在分项指标中，新订单指数、新出口订单指数等9项单项指数均较上月上升，升幅在0.1个至2.4个百分点之间1。其中建筑业和服务业景气水平明显提升，金融活动景气水平也有所上升1。中国物流与采购联合会副会长何辉指出，传统旺季叠加存量房改造带动了建筑业景气水平较上月的明显提升1。

中国物流与采购联合会认为，传统旺季和政策支持将为四季度投资与消费释放奠定基础1。何辉表示，四季度中国非制造业平稳向好可期1。

China's non-manufacturing business activity index reached 50.2% in September, rising 1.2 percentage points month-over-month to re-enter the expansion zone 1. Nine sub-indices, including new orders and new export orders, all improved compared to August, with increases ranging from 0.1 to 2.4 percentage points 1. Both the construction and services sectors showed notably stronger sentiment, while financial activity also expanded significantly 1.

According to the China Federation of Logistics and Purchasing, the uptick reflects the traditional peak season combined with policy support, particularly the effect of existing home renovation programs on construction sector confidence 1. Vice Chairman He Hui stated that "steady improvement in the non-manufacturing sector can be expected in the fourth quarter," as traditional seasonal strength and government stimulus measures are expected to provide momentum for investment and consumption in the coming months 1.