China Non Manufacturing PMI

The NBS Non-Manufacturing PMI in China dropped to 54.3 in April 2019 from a six-month high of 54.8 in the previous month, missing market forecasts of 54.5, as new order growth eased noticeably (50.8 vs 52.5 in March). Also, new export orders fell for the second straight month (49.2 vs 49.9) and employment contracted for the eighth consecutive month (48.7, the same as in March). In terms of prices, input cost inflation rose to six-month high (53.0 vs 52.5), while output charges increased for the third month in a row (50.5 vs 51.0). Looking ahead, business sentiment softened to its lowest in three months (60.3 vs 61.1). Non Manufacturing PMI in China averaged 55.75 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.

Non Manufacturing PMI in China is expected to be 52.60 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 51.00 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 Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	50.10	50.50	59.20	38.80	Index Points	[+]
Services PMI	54.50	54.40	54.70	50.00	Index Points	[+]
Non Manufacturing PMI	54.30	54.80	62.20	50.80	percent	[+]
Manufacturing PMI	50.20	50.80	52.30	47.20		[+]
Industrial Production	5.40	8.50	29.40	-21.10	percent	[+]
Industrial Production Mom	0.37	0.97	1.32	0.13	percent	[+]
Manufacturing Production	5.30	9.00	11.40	5.30	percent	[+]
New Orders	51.40	51.60	65.10	32.30	Index Points	[+]
Changes in Inventories	14186.00	11054.00	14186.00	3.00	CNY HML	[+]
Total Vehicle Sales	1980500.00	2520000.00	3060271.00	88416.00		[+]
Car Production	1660500.00	2089800.00	2669100.00	215533.00	Units	[+]
Car Registrations	1574900.00	2019400.00	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	[+]
Steel Production	80326.00	70988.00	82552.00	4918.00	Thousand Tonnes	[+]
Mining Production	2.90	4.60	7.90	-3.80	percent	[+]
Capacity Utilization	75.90	76.00	78.00	72.90	percent	[+]
Competitiveness Index	72.61	71.76	72.61	4.55	Points	[+]
Competitiveness Rank	28.00	28.00	34.00	26.00		[+]
Composite Pmi	52.70	52.90	53.70	48.00		[+]
Cement Production	21345.40	17971.10	23427.00	781.50	Ten Thousands of Tonnes	[+]
Corruption Index	39.00	41.00	41.00	21.60	Points	[+]
Corruption Rank	87.00	77.00	100.00	40.00		[+]
Corporate Profits	1297200.00	708010.00	7518710.00	1617.00	CNY Million	[+]
Ease of Doing Business	46.00	78.00	99.00	46.00		[+]
Electricity Production	544000.00	569800.00	640500.00	41760.00	Gigawatt-hour	[+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on May of 2019.