The Official NBS Non-Manufacturing PMI increased to 54.4 in June 2020 from 53.6 in the prior month. This marked the fourth consecutive month of growth in the service sector and the strongest since January. New business expanded further (52.7 vs 52.6 in May), amid softer declines in both overseas sales (43.3 vs 41.3) and employment (48.7 vs 48.5). Meantime, suppliers' delivery time shortened (52.1 vs 52.9). On the price front, input cost increased for the second time in four months (52.9 vs 52.0), while selling prices decreased the least since January (49.5 vs 48.6). Finally, sentiment weakened but remained noticeably solid (60.3 vs 63.9).
Non Manufacturing PMI in China averaged 55.43 percent from 2007 until 2020, 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 July of 2020. source: National Bureau of Statistics of China
Non Manufacturing PMI in China is expected to be 52.10 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 51.50 in 12 months time. In the long-term, the China Non Manufacturing PMI is projected to trend around 53.00 percent in 2021 and 52.90 percent in 2022, according to our econometric models.