The Caixin China General Services PMI fell to a seven-month low of 51.3 in September 2019 from 52.1 in the previous month and below market expectations of 52.9. New orders rose the most since January 2018, despite a softer increase in new export work, with a number of firms linking the upturn to new product releases and firmer client demand. In addition, employment growth was the quickest seen since January 2017 while backlogs of work were up for the first time since last December. On the price front, input cost inflation picked up to one-year high due to greater costs for labour, fuel and raw materials. Looking ahead, business optimism in the service sector slipped to its lowest since May. Services PMI in China is reported by Markit Economics.

Services PMI in China is expected to be 52.90 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in China to stand at 52.50 in 12 months time. In the long-term, the China Services PMI is projected to trend around 52.20 Index Points in 2020, according to our econometric models.

China Services PMI
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China Business Last Previous Highest Lowest Unit
Business Confidence 49.80 49.50 59.20 38.80 Index Points [+]
Non Manufacturing PMI 53.70 53.80 62.20 50.80 percent [+]
Manufacturing PMI 51.40 50.40 52.30 47.20 [+]
Services PMI 51.30 52.10 54.70 50.00 Index Points [+]
Industrial Production 5.80 4.40 29.40 -21.10 percent [+]
Industrial Production Mom 0.72 0.34 1.32 0.13 percent [+]
Manufacturing Production 5.60 4.30 11.40 4.30 percent [+]
New Orders 50.50 49.70 65.10 32.30 Index Points [+]
Changes in Inventories 15873.10 14185.80 15873.10 3.00 CNY HML [+]
Total Vehicle Sales 2271000.00 1958000.00 3060271.00 88416.00 [+]
Car Production 1693000.00 1523000.00 2669100.00 215533.00 Units [+]
Car Registrations 1653000.00 1528000.00 2672300.00 213534.00 [+]
Internet Speed 7583.32 6295.74 7583.32 635.70 KBps [+]
IP Addresses 98862937.00 104032031.00 119094184.00 28818357.00 IP [+]
Mining Production 8.10 3.70 8.10 -3.80 percent [+]
Steel Production 87251.00 85223.00 89091.00 4918.00 Thousand Tonnes [+]
Capacity Utilization 76.40 76.40 78.00 72.90 percent [+]
Competitiveness Index 73.90 72.61 73.90 4.55 Points [+]
Competitiveness Rank 28.00 28.00 34.00 26.00 [+]
Composite Pmi 51.90 51.60 53.70 48.00 [+]
Cement Production 21018.20 21003.00 23427.00 781.50 Ten Thousands of Tonnes [+]
Corruption Index 39.00 41.00 41.00 21.60 Points [+]
Corruption Rank 87.00 77.00 100.00 40.00 [+]
Corporate Profits 4016350.00 3497700.00 7518710.00 1617.00 CNY Million [+]
Ease of Doing Business 46.00 78.00 99.00 46.00 [+]
Electricity Production 668200.00 657300.00 668200.00 41760.00 Gigawatt-hour [+]


China Services PMI

The Caixin China General Services PMI (Purchasing Managers' Index) is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private service sector companies. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. This page provides the latest reported value for - China Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. China Services PMI - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.30 52.10 54.70 50.00 2012 - 2019 Index Points Monthly




Country Last Previous
Australia 51.50 Sep/19
Brazil 51.80 Sep/19
China 51.30 Sep/19
Euro Area 51.60 Sep/19
France 51.10 Sep/19
Germany 51.40 Sep/19
India 48.70 Sep/19
Italy 51.40 Sep/19
Japan 52.80 Sep/19
Russia 53.60 Sep/19
Spain 53.30 Sep/19
United Kingdom 49.50 Sep/19
United States 50.90 Sep/19


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