三季度中国非制造业经营活动保持平稳运行

Core Insights - The non-manufacturing business activity index in China for September remained stable at 50%, indicating steady operational activity in the sector [1] - The financial services sector showed strong performance, with the business activity index exceeding 60%, contributing positively to the overall economic environment [1] Summary by Category Non-Manufacturing Sector Performance - The average business activity index for the non-manufacturing sector in Q3 was 50.1%, consistently above 50% across the months [1] - The service sector's business activity index averaged 50.2% in Q3, higher than the same period last year [1] - The construction sector's business activity index averaged 49.7% in Q3, lower than the previous year's average [1] Business Expectations - Non-manufacturing enterprises maintain stable optimistic expectations, with the business activity expectation index remaining above 55% for 12 consecutive months, averaging 55.9% in Q3 [1] Outlook for Q4 - The non-manufacturing sector is expected to stabilize and recover in Q4, driven by year-end and holiday effects that will boost investment and consumption [2] - A series of policy measures are anticipated to gradually take effect, improving market expectations and supporting the recovery of domestic demand [2]