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.