The Caixin China General Services PMI dropped to a nine-month low of 52.0 in January 2021 from 56.3 a month earlier, due to a fresh wave of COVID-19 infections in some parts of the country. New orders rose the least since last August, export sales expanded at the softest rate in three months, and employment growth eased further from November's more than decade-high. On the price front, input costs rose the most since April 2012, while prices charged inflation eased to a three-month low. Finally, sentiment hit its lowest since September, due to uncertainty over the trajectory of the virus. source: Markit Economics
Services PMI in China averaged 52.27 points from 2012 until 2021, reaching an all time high of 58.40 points in June of 2020 and a record low of 26.50 points in February of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Services PMI in China is expected to be 53.00 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 52.20 in 12 months time. In the long-term, the China Services PMI is projected to trend around 51.50 points in 2022, according to our econometric models.