The Caixin China General Services PMI dropped to 52.7 in May 2019 from 54.5 in the previous moth and missing market expectations of 54.3. The latest reading pointed to the weakest pace of expansion in the service sector since February, amid a slowdown in new orders mainly due to foreign demand and as the job creation rate eased. Additionally, backlogs of work fell further, though the rate of depletion remained marginal. On the price front, input cost inflation slowed and output prices advanced marginally. Looking ahead, sentiment weakened to its lowest since July last year amid subdued expectations linked to the ongoing trade dispute with the US and global demand conditions. Services PMI in China is reported by Markit Economics.

Services PMI in China is expected to be 53.60 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 52.80 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 49.40 50.10 59.20 38.80 Index Points [+]
Services PMI 52.70 54.50 54.70 50.00 Index Points [+]
Non Manufacturing PMI 54.30 54.30 62.20 50.80 percent [+]
Manufacturing PMI 50.20 50.20 52.30 47.20 [+]
Industrial Production 5.00 5.40 29.40 -21.10 percent [+]
Industrial Production Mom 0.36 0.37 1.32 0.13 percent [+]
Manufacturing Production 5.00 5.30 11.40 5.00 percent [+]
New Orders 49.80 51.40 65.10 32.30 Index Points [+]
Changes in Inventories 15873.10 14186.00 15873.10 3.00 CNY HML [+]
Total Vehicle Sales 1912600.00 1980500.00 3060271.00 88416.00 [+]
Car Production 1491400.00 1660500.00 2669100.00 215533.00 Units [+]
Car Registrations 1561200.00 1574900.00 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 [+]
Steel Production 85032.00 80326.00 85032.00 4918.00 Thousand Tonnes [+]
Mining Production 3.90 2.90 7.90 -3.80 percent [+]
Capacity Utilization 75.90 76.00 78.00 72.90 percent [+]
Competitiveness Index 72.61 71.76 72.61 4.55 Points [+]
Competitiveness Rank 28.00 28.00 34.00 26.00 [+]
Composite Pmi 51.50 52.70 53.70 48.00 [+]
Cement Production 22696.00 21345.40 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 1812940.00 1297200.00 7518710.00 1617.00 CNY Million [+]
Ease of Doing Business 46.00 78.00 99.00 46.00 [+]
Electricity Production 544000.00 569800.00 640500.00 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.70 54.50 54.70 50.00 2012 - 2019 Index Points Monthly




Country Last Previous
Australia 52.50 May/19
Brazil 47.80 May/19
China 52.70 May/19
Euro Area 53.40 Jun/19
France 53.10 Jun/19
Germany 55.60 Jun/19
India 50.20 May/19
Italy 50.00 May/19
Japan 51.70 May/19
Russia 52.00 May/19
Spain 52.80 May/19
United Kingdom 51.00 May/19
United States 50.70 Jun/19


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