China Non Manufacturing PMI

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). Non Manufacturing PMI in China averaged 55.73 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 54.00 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 51.00 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	49.40	49.40	59.20	38.80	Index Points	[+]
Services PMI	52.00	52.70	54.70	50.00	Index Points	[+]
Non Manufacturing PMI	54.20	54.30	62.20	50.80	percent	[+]
Manufacturing PMI	49.40	50.20	52.30	47.20		[+]
Industrial Production	6.30	5.00	29.40	-21.10	percent	[+]
Industrial Production Mom	0.68	0.38	1.32	0.13	percent	[+]
Manufacturing Production	6.20	5.00	11.40	5.00	percent	[+]
New Orders	49.60	49.80	65.10	32.30	Index Points	[+]
Changes in Inventories	15873.10	14185.80	15873.10	3.00	CNY HML	[+]
Total Vehicle Sales	2056000.00	1912565.00	3060271.00	88416.00		[+]
Car Production	1598000.00	1491400.00	2669100.00	215533.00	Units	[+]
Car Registrations	1728000.00	1561200.00	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	89091.00	85032.00	89091.00	4918.00	Thousand Tonnes	[+]
Mining Production	7.30	3.90	7.90	-3.80	percent	[+]
Capacity Utilization	76.40	75.90	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	50.60	51.50	53.70	48.00		[+]
Cement Production	22696.00	21345.40	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	2379020.00	1812940.00	7518710.00	1617.00	CNY Million	[+]
Ease of Doing Business	46.00	78.00	99.00	46.00		[+]
Electricity Production	583400.00	558900.00	640500.00	41760.00	Gigawatt-hour	[+]

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. 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 July of 2019.