The official NBS Non-Manufacturing PMI for China rose to a four-month high of 56.3 in March 2021 from 51.4 a month earlier. This was the twelfth straight month of growth in the service sector, as a recovery in the economy from the COVID-19 disruptions gained traction, with both new orders (55.9 vs 48.9 in February) and new export orders (50.3 vs 45.7) returning to growth. At the same time, employment contracted at a slower rate (49.7 vs 48.4). On the price front, input costs rose for the eleventh month in a row and at a steeper pace (56.2 vs 54.7) and selling charges went up the most since last December (52.2 vs 50.1). Finally, confidence strengthened to a ten-month high. source: National Bureau of Statistics of China
Non Manufacturing PMI in China averaged 55.40 percent from 2007 until 2021, reaching an all time high of 62.20 percent in May of 2007 and a record low of 29.60 percent in February of 2020. This page provides the latest reported value for - China Non Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. China Non Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Non Manufacturing PMI in China is expected to be 51.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Non Manufacturing PMI in China to stand at 53.00 in 12 months time. In the long-term, the China Non Manufacturing PMI is projected to trend around 52.90 percent in 2022, according to our econometric models.