The 2009 Q2 Business Survey conducted by the People s Bank of China shows the following results:
1. Macroeconomic performance and business operations
According to the survey, the index measuring the degree to which the economy was overheated was ?C30.8 percent, up 7.8 percentage points from the previous quarter, representing a recovery from its five-quarter long decline. The macroeconomic forecast index climbed 7.8 percentage points to ?C23.8 percent after gaining 1 percentage point in Q1.
The business operations index and the equipment utilization index posted 12.1 percent and ?C18.6 percent respectively, up 4.6 and 2.4 percentage points from Q1, putting an end to the decline trend in the previous three quarters.
2. Market demand and purchase orders
The market demand index rose 6.2 percentage points from Q1 to ?C1.5 percent. The domestic orders index and the export orders index stood at ?C5.5 percent and ?C10.3 percent respectively, representing an increase of 5.2 and 7.5 percentage points from a quarter earlier.
3. Sales and liquidity of enterprises
The decline trend of the sales index reversed. The index jumped 6.9 percentage points to 3.4 percent in Q2. The liquidity, payment ability and receipt of sales proceeds improved, with the three indices posting 12.1 percent, 18.3 percent and 18.2 percent respectively, up 3.7, 2.2 and 2.8 percentage points from the previous quarter.
The bank-lending index registered ?C13.1 percent, representing an increase of 2.7 percentage points from Q1, hitting the highest level since the survey started.
4. Profitability and investment
The enterprises profitability index was 1.5 percent, showing an improvement of 10.4 percentage points from Q1. The fixed asset investment index, the equipments investment index and the civil engineering investment index posted ?C3.4 percent, -4.5 percent and ?C7.3 percent respectively, up 5, 5 and 4.7 percentage points from the previous quarter.
