The Official NBS Non-Manufacturing PMI in China fell to 53.5 in December 2019 from an eight-month high of 54.4 in the previous month and below market consensus of 53.6. New order growth eased (50.4 vs 51.3 in November) on the back of a steeper drop in both new export orders (47.8 vs 48.8) while employment also fell (48.3 vs 49.0). In terms of inflation, both input prices (52.4 vs 53.2) and selling prices (50.3 vs 51.3) rose less. Finally, business confidence weakened from November's eight month-high (59.1 vs 61.0).

Non Manufacturing PMI in China averaged 55.65 percent from 2007 until 2019, reaching an all time high of 62.20 percent in May of 2007 and a record low of 50.80 percent in December of 2008. 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. source: National Bureau of Statistics of China

Non Manufacturing PMI in China is expected to be 52.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Non Manufacturing PMI in China to stand at 52.50 in 12 months time. In the long-term, the China Non Manufacturing PMI is projected to trend around 52.00 percent in 2020, according to our econometric models.


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China Non Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
53.50 54.40 62.20 50.80 2007 - 2019 percent Monthly
SA

News Stream
2019-11-30
China Services Growth at 8-Month High: NBS
The Official NBS Non-Manufacturing PMI in China increased to an eight-month high of 54.4 in November 2019 from 52.8 in the prior month and above market consensus of 53.6. New orders returned to growth (51.3 vs 49.4 in October), as export sales declined at a softer rate (48.8 vs 48.1), while employment continued to fall (49.0 vs 48.2). In terms of inflation, input prices rose faster (53.2 vs 51.3) while selling prices rebounded (51.3 vs 48.9). Finally, business confidence reached its highest in eight months (61.0 vs 60.7).

2019-10-31
China Services Growth at 3-1/2-Year Low: NBS
The Official NBS Non-Manufacturing PMI in China unexpectedly dropped to 52.8 in October 2019 from 53.7 in the previous month and below market expectations of 53.9. The latest reading pointed to the weakest pace of expansion in the service sector since February 2016, underlining sluggish domestic demand and mounting pressure on the world's second-largest economy. There were falls in new orders (49.4 vs 50.5) and employment (48.2, the same as in September). On the price front, input cost inflation eased (51.3 vs 52.8) and output charges fell (48.9 vs 50.0). Finally, business confidence strengthened to a seven-month high (60.7 vs 59.7).

2019-09-30
China Non-Manufacturing PMI Below Consensus: NBS
The Official NBS Non-Manufacturing PMI in China came in at 53.7 in September 2019, little-changed from the previous month's 53.8 and below market forecasts of 54.2. New orders rose at slightly faster pace (50.5 vs 50.1) despite a decline in new exports (47.3 vs 50.3), while employment continued to contract (48.2 vs 48.9). On the price front, input cost inflation picked up (52.8 vs 50.8) while output charges were flat (50.0 vs 49.1). Looking ahead, business confidence weakened from to an eight-month low (59.7 vs 60.4).

2019-08-31
China Non Manufacturing PMI Beats Consensus
The Official NBS Non-Manufacturing PMI in China edged up to 53.8 in August 2019 from an eight-month low of 53.7 in the previous month and above market expectations of 53.6. New orders continued to grow (50.1 vs 50.4 in July), with overseas sales rising for the first time in six months (50.3 vs 48.4). At the same time, employment fell for the twelth straight month (48.9 vs 48.7). In terms of prices, input costs rose the least since last December (50.8 vs 52.9), while output charges declined again (49.1 vs 50.6). Finally, confidence strengthened to a five-month high (60.4 vs 59.8).

2019-07-31
China Services Growth Slows to 8-Month Low: NBS
The Official NBS Non-Manufacturing PMI in China fell to 53.7 in July 2019, the lowest since November last year, from 54.2 in the previous month and missing market forecasts of 54.0. New order growth slowed (50.4 vs 51.5 in June), amid further declines in both overseas orders (48.4 vs 48.5) and employment (48.7 vs 48.2). In terms of prices, input costs rose the most since April (52.9 vs 51.5), while output charges increased for the first time in three months (50.6 vs 49.7). Finally, confidence weakened to a six-month low (59.8 vs 60.6).

2019-06-30
China Services Growth Slows to 6 Month-Low: NBS
The Official NBS Non-Manufacturing PMI in China inched lower to 54.2 in June, the lowest for six months and below market consensus of 54.5. Employment dropped for a 10th consecutive month (48.2 vs 48.3 in May) while new order growth accelerated to a three month-high (51.5 vs 50.3) despite a continued decline in foreign new orders (48.5 vs 47.9). In terms of prices, input costs rose the least since December (51.5 vs 52.2), while output charges fell for the second straight month (49.7 vs 49.9). Finally, business confidence strengthened to a thee-month high (60.6 vs 60.2).


China Non Manufacturing PMI
In China, the Non-Manufacturing purchasing managers index survey is based on data collected from a representative panel of 1200 enterprises from the non-manufacturing sector. The survey includes ten questions on business activity, new orders, new export orders, in hand orders index, stock, intermediate input price, subscription price, employment, supplier delivery time, and business activities expectation. For each question, the diffusion index is calculated. As there’s no integrated PMI, the business activity index is usually used to reflect the overall changes in non-manufacturing sector. A PMI reading above 50 percent indicates expansion from the previous month, while below 50 indicates contraction.

China Business Last Previous Highest Lowest Unit
Business Confidence 50.20 50.20 59.20 38.80 points [+]
Services PMI 52.50 53.50 54.70 50.00 points [+]
Manufacturing PMI 51.50 51.80 52.30 47.20 points [+]
Non Manufacturing PMI 53.50 54.40 62.20 50.80 percent [+]
Industrial Production 6.90 6.20 29.40 -21.10 percent [+]
Industrial Production Mom 0.58 0.66 1.32 0.13 percent [+]
Manufacturing Production 7.00 6.30 11.40 4.30 percent [+]
New Orders 51.20 51.30 65.10 32.30 points [+]
Changes in Inventories 15873.10 14586.00 15873.10 3.00 CNY HML [+]
Total Vehicle Sales 2659000.00 2456879.00 3060271.00 88416.00 [+]
Car Production 2185380.00 2163000.00 2669100.00 215533.00 Units [+]
Car Registrations 2213089.00 2057000.00 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 [+]
Mining Production 5.60 5.70 8.10 -3.80 percent [+]
Steel Production 80287.00 81521.00 89091.00 4918.00 Thousand Tonnes [+]
Capacity Utilization 77.50 76.40 78.00 72.90 percent [+]
Competitiveness Index 73.90 72.61 73.90 4.55 Points [+]
Competitiveness Rank 28.00 28.00 34.00 26.00 [+]
Composite Pmi 52.60 53.20 53.70 48.00 points [+]
Cement Production 19935.00 22487.40 23427.00 781.50 Ten Thousands of Tonnes [+]
Corruption Index 41.00 39.00 41.00 21.60 Points [+]
Corruption Rank 80.00 87.00 100.00 40.00 [+]
Corporate Profits 5610070.00 5015100.00 7518710.00 1617.00 CNY Million [+]
Ease of Doing Business 31.00 46.00 99.00 31.00 [+]
Electricity Production 654400.00 589000.00 668200.00 41760.00 Gigawatt-hour [+]