The Caixin China General Services PMI fell to a 14-month low of 50.3 in June 2021 from 55.1 in the prior month, amid an outbreak of a more infectious Delta variant of COVID-19 in Guangdong and the subsequent imposition of anti-virus measures.. New orders grew the least since April 2020, while employment shrank for the first time in four months. Meantime, the gauge of new export business rose into positive territory, though the rate of expansion was marginal. Prices data showed inflationary pressure eased, with input cost inflation rising the least since September 2020 while output charges dropping for the first time in nearly a year. Looking ahead, sentiment remained strongly upbeat, though the degree of positive sentiment slipped to a nine-month low, amid concerns over the epidemic situation at home and abroad. source: Markit Economics
Services PMI in China averaged 52.32 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 July 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 51.00 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.