The official NBS Non-Manufacturing PMI for China dropped to a five-month low of 53.3 in July 2021 from 53.5 in the previous month, amid an outbreak of the Delta variant of COVID-19 in some parts of the country, particularly in the capital of China’s eastern Jiangsu province, Nanjing; and severe floods in central China. New orders shrank for the second consecutive month (49.7 vs 49.6 in June), export orders declined for the fourth month running (47.7 vs 45.4), and employment continued to fall(48.2 vs 48.0). Prices data showed input cost inflation was little changed from June's seven-month low figure (53.5 vs 53.4) while selling prices went up the least in three months (51.3 vs 51.4). Finally, confidence hit its lowest in six months (60.7 vs 60.8). source: National Bureau of Statistics of China
Non Manufacturing PMI in China averaged 55.37 percent from 2007 until 2021, 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 August of 2021.
Non Manufacturing PMI in China is expected to be 51.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Non Manufacturing PMI is projected to trend around 52.90 percent in 2022, according to our econometric models.