The Official NBS Non-Manufacturing PMI rose to 53.6 in May 2020 from 53.2 in a month earlier. This was the third straight month of growth in the service sector and the strongest since January. New business grew faster (52.6 vs 52.1 in April) on the back of a slower rate in overseas sales (41.3 vs 35.5), with employment was little-changed (48.5 vs 48.6). Meantime, suppliers' delivery time lengthened further (52.9 vs 51.0). On the price front, input cost increased for the first time in four months (52.0 vs 49.0), while selling prices decreased the least since January (48.6 vs 45.4). Finally, sentiment strengthened noticeably (63.9 vs 60.1).

Non Manufacturing PMI in China averaged 55.43 percent from 2007 until 2020, 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 June of 2020. source: National Bureau of Statistics of China

Non Manufacturing PMI in China is expected to be 48.00 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 51.50 in 12 months time. In the long-term, the China Non Manufacturing PMI is projected to trend around 53.00 percent in 2021 and 52.90 percent in 2022, according to our econometric models.

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China Non Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
53.60 53.20 62.20 29.60 2007 - 2020 percent Monthly
SA


News Stream
China Services Growth Accelerates: NBS
The Official NBS Non-Manufacturing PMI rose to 53.6 in May 2020 from 53.2 in a month earlier. This was the third straight month of growth in the service sector and the strongest since January. New business grew faster (52.6 vs 52.1 in April) on the back of a slower rate in overseas sales (41.3 vs 35.5), with employment was little-changed (48.5 vs 48.6). Meantime, suppliers' delivery time lengthened further (52.9 vs 51.0). On the price front, input cost increased for the first time in four months (52.0 vs 49.0), while selling prices decreased the least since January (48.6 vs 45.4). Finally, sentiment strengthened noticeably (63.9 vs 60.1).
2020-05-31
China Services Growth Accelerates: NBS
The Official NBS Non-Manufacturing PMI rose to 53.2 in April 2020 from 52.3 a month earlier, as the Chinese government started to ease strict lockdown measures imposed due to the COVID-19 outbreak. New business grew for the first time in three months (52.1 vs 49.2 in March), despite a steeper fall in exports (35.5 vs 38.6), while employment fell at a softer pace (48.6 vs 47.7). On the price front, deflation deepened for both input prices (49.0 vs 49.4) and selling prices (45.4 vs 46.1). Lastly, business confidence strengthened (60.1 vs 57.3).
2020-04-30
China Service Activity Rebounds from Record Low: NBS
The Official NBS Non-Manufacturing PMI jumped to 52.3 in March 2020 from a record low of 29.6 a month earlier, suggesting activity returned to expansion territory following February's restrict lockdown measures. Still, the NBS cautioned that the readings may not signal a stabilisation in economic activity. There were softer declines in new orders (49.2 vs 26.5) and employment (47.7 vs 37.9). In terms pf prices, input costs continued to fall (49.4 vs 49.3) as well as selling prices (46.1 vs 43.9). Finally, business confidence strengthened strongly (57.3 vs 40.0).
2020-03-31
China Services PMI Falls to Lowest on Record: NBS
The Official NBS Non-Manufacturing PMI in China tumbled to a record low of 29.6 in February 2020 from 54.1 in the previous month, amid mounting fears over the spread of COVID-19 cases that led to quarantine measures and travel restrictions. There were sharp declines in new orders (26.5 vs 50.6 in January), employment (37.9 vs 48.6) input costs (49.3 vs 53.3) and output charges (43.9 vs 50.5). Finally, business confidence plunged (40.0 vs 59.6).
2020-02-29

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.