The Caixin China General Services PMI fell unexpectedly to 51.6 in July 2019 from 52.0 in the previous month and missing market expectations of 52.0. The latest reading pointed to the weakest pace of expansion in the service sector since February, as new order growth slowed, despite a solid rebound in export sales at services companies, while employment rose marginally. On the price front, operating expenses rose further, with the rate of inflation strengthening slightly from the prior month, due to higher costs of materials, fuel and staff. Companies raised their charges slightly, with some indicating that competitive pressures had restricted pricing power. Finally, sentiment remained upbeat overall, with the degree of positive sentiment being unchanged from June. Services PMI in China is reported by Markit Economics.

Services PMI in China is expected to be 52.40 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 53.00 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 49.70 49.40 59.20 38.80 Index Points [+]
Services PMI 51.60 52.00 54.70 50.00 Index Points [+]
Non Manufacturing PMI 53.70 54.20 62.20 50.80 percent [+]
Manufacturing PMI 49.90 49.40 52.30 47.20 [+]
Industrial Production 4.80 6.30 29.40 -21.10 percent [+]
Industrial Production Mom 0.19 0.67 1.32 0.13 percent [+]
Manufacturing Production 4.50 6.20 11.40 4.50 percent [+]
New Orders 49.80 49.60 65.10 32.30 Index Points [+]
Changes in Inventories 15873.10 14185.80 15873.10 3.00 CNY HML [+]
Total Vehicle Sales 1808000.00 2056446.00 3060271.00 88416.00 [+]
Car Production 1523000.00 1598000.00 2669100.00 215533.00 Units [+]
Car Registrations 1528000.00 1728000.00 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 87533.00 89091.00 89091.00 4918.00 Thousand Tonnes [+]
Mining Production 6.60 7.30 7.90 -3.80 percent [+]
Capacity Utilization 76.40 75.90 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 50.90 50.60 53.70 48.00 [+]
Cement Production 21003.00 20985.90 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 2984000.00 2379020.00 7518710.00 1617.00 CNY Million [+]
Ease of Doing Business 46.00 78.00 99.00 46.00 [+]
Electricity Production 583400.00 558900.00 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.60 52.00 54.70 50.00 2012 - 2019 Index Points Monthly




Country Last Previous
Australia 43.90 Jul/19
Brazil 52.20 Jul/19
China 51.60 Jul/19
Euro Area 53.20 Jul/19
France 52.60 Jul/19
Germany 54.50 Jul/19
India 53.80 Jul/19
Italy 51.70 Jul/19
Japan 51.80 Jul/19
Russia 50.40 Jul/19
Spain 52.90 Jul/19
United Kingdom 51.40 Jul/19
United States 53.00 Jul/19


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