The official NBS Non-Manufacturing PMI for China increased sharply to 54.4 in January 2023 from 41.6 a month earlier. This was the first expansion in the service sector in four months and the strongest growth since June last year, due to lifting zero-Covid policy. New orders increased for the first time in seven months and at the fastest pace since June last year (52.5 vs 39.1 in December), foreign sales shrank at a softer rate (45.9 vs 44.5), and a decline in employment eased to the least in five months (46.7 vs 42.9). At the same time, delivery time lengthened at the smallest extent in five months (49.7 vs 40.4). On inflation, input cost accelerated for the first time in three months, and the most since June last year (51.5 vs 49.2) while output prices decreased for the tenth consecutive month, with the rate of fall easing from the previous month (48.3 vs 47.5). source: National Bureau of Statistics of China
Non Manufacturing PMI in China averaged 54.88 percent from 2007 until 2023, reaching an all time high of 62.20 percent in May of 2007 and a record low of 29.60 percent in February of 2020. 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. China Non Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
Non Manufacturing PMI in China is expected to be 50.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.