The Official NBS Non-Manufacturing PMI rose to 54.1 in January 2020 from 53.5 in the previous month and beating market consensus of 53.5. The latest reading pointed to a stronger expansion in the services sector, as new orders growth accelerated (50.6 vs 50.4 in December), while both overseas sales (48.4 vs 47.8) and employment (48.6 vs 48.3) dropped at a softer pace. On the price front, input prices increased steeply (53.3 vs 52.4), and output charges continued to rise (50.5 vs 50.3). Looking ahead, business sentiment improved (59.6 vs 59.1). The impact of the coronavirus outbreak was not fully reflected in this month reading as the survey was conducted before January 20th.

Non Manufacturing PMI in China averaged 55.64 percent from 2007 until 2020, reaching an all time high of 62.20 percent in May of 2007 and a record low of 50.80 percent in December of 2008. 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. source: National Bureau of Statistics of China

Non Manufacturing PMI in China is expected to be 51.00 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 52.00 in 12 months time. In the long-term, the China Non Manufacturing PMI is projected to trend around 52.00 percent in 2021, according to our econometric models.


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China Non Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
54.10 53.50 62.20 50.80 2007 - 2020 percent Monthly
SA


News Stream
China Services Activity Growth Beats Forecasts: NBS
The Official NBS Non-Manufacturing PMI rose to 54.1 in January 2020 from 53.5 in the previous month and beating market consensus of 53.5. The latest reading pointed to a stronger expansion in the services sector, as new orders growth accelerated (50.6 vs 50.4 in December), while both overseas sales (48.4 vs 47.8) and employment (48.6 vs 48.3) dropped at a softer pace. On the price front, input prices increased steeply (53.3 vs 52.4), and output charges continued to rise (50.5 vs 50.3). Looking ahead, business sentiment improved (59.6 vs 59.1). The impact of the coronavirus outbreak was not fully reflected in this month reading as the survey was conducted before January 20th.
2020-01-31
China Services Growth Slows More than Expected: NBS
The Official NBS Non-Manufacturing PMI in China fell to 53.5 in December 2019 from an eight-month high of 54.4 in the previous month and below market consensus of 53.6. New order growth eased (50.4 vs 51.3 in November) on the back of a steeper drop in both new export orders (47.8 vs 48.8) while employment also fell (48.3 vs 49.0). In terms of inflation, both input prices (52.4 vs 53.2) and selling prices (50.3 vs 51.3) rose less. Finally, business confidence weakened from November's eight month-high (59.1 vs 61.0).
2019-12-31
China Services Growth at 8-Month High: NBS
The Official NBS Non-Manufacturing PMI in China increased to an eight-month high of 54.4 in November 2019 from 52.8 in the prior month and above market consensus of 53.6. New orders returned to growth (51.3 vs 49.4 in October), as export sales declined at a softer rate (48.8 vs 48.1), while employment continued to fall (49.0 vs 48.2). In terms of inflation, input prices rose faster (53.2 vs 51.3) while selling prices rebounded (51.3 vs 48.9). Finally, business confidence reached its highest in eight months (61.0 vs 60.7).
2019-11-30
China Services Growth at 3-1/2-Year Low: NBS
The Official NBS Non-Manufacturing PMI in China unexpectedly dropped to 52.8 in October 2019 from 53.7 in the previous month and below market expectations of 53.9. The latest reading pointed to the weakest pace of expansion in the service sector since February 2016, underlining sluggish domestic demand and mounting pressure on the world's second-largest economy. There were falls in new orders (49.4 vs 50.5) and employment (48.2, the same as in September). On the price front, input cost inflation eased (51.3 vs 52.8) and output charges fell (48.9 vs 50.0). Finally, business confidence strengthened to a seven-month high (60.7 vs 59.7).
2019-10-31

China Non Manufacturing PMI
In China, the Non-Manufacturing purchasing managers index survey is based on data collected from a representative panel of 1200 enterprises from the non-manufacturing sector. The survey includes ten questions on business activity, new orders, new export orders, in hand orders index, stock, intermediate input price, subscription price, employment, supplier delivery time, and business activities expectation. For each question, the diffusion index is calculated. As there’s no integrated PMI, the business activity index is usually used to reflect the overall changes in non-manufacturing sector. A PMI reading above 50 percent indicates expansion from the previous month, while below 50 indicates contraction.