China Non Manufacturing PMI

The official Non-Manufacturing PMI in China increased to 53.8 in December 2018 from a 15-month low of 53.4 in the previous month, with new orders rising the most in three months (50.4 vs 50.1 in November). Meanwhile, new export orders declined again (49.0 vs 50.1) and employment contracted for the fourth consecutive month (48.5 vs 48.7). On the price front, input cost inflation eased (50.1 vs 50.8), while output charge declined for the second month in a row (47.6 vs 49.4). Looking ahead, business sentiment was little-changed (60.8 vs 60.9). The services sector accounts for more than half of the Chinese economy. Non Manufacturing PMI in China averaged 55.79 percent from 2007 until 2018, 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 53.60 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 54.20 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	50.00	59.20	38.80	Index Points	[+]
Services PMI	53.90	53.80	54.70	50.00	Index Points	[+]
Non Manufacturing PMI	53.80	53.40	62.20	50.80	percent	[+]
Manufacturing PMI	49.70	50.20	52.30	47.20		[+]
Industrial Production	5.40	5.90	29.40	-21.10	percent	[+]
Industrial Production Mom	0.36	0.47	1.32	0.13	percent	[+]
Manufacturing Production	5.60	6.10	11.40	5.60	percent	[+]
New Orders	49.70	50.40	65.10	32.30	Index Points	[+]
Changes in Inventories	14186.00	11054.00	14186.00	3.00	CNY HML	[+]
Total Vehicle Sales	2661500.00	2547800.00	3060271.00	88416.00		[+]
Car Production	2054600.00	2122900.00	2669100.00	215533.00	Units	[+]
Car Registrations	2233100.00	2173500.00	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	77621.00	82552.00	82552.00	4918.00	Thousand Tonnes	[+]
Mining Production	2.30	3.80	7.90	-3.80	percent	[+]
Capacity Utilization	76.50	76.80	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	52.20	51.90	53.70	48.00		[+]
Cement Production	20521.00	22043.20	23427.00	781.50	Ten Thousands of Tonnes	[+]
Corruption Index	41.00	40.00	41.00	21.60	Points	[+]
Corruption Rank	77.00	79.00	100.00	40.00		[+]
Corporate Profits	6116880.00	5521180.00	7518710.00	1617.00	CNY Million	[+]
Ease of Doing Business	46.00	78.00	99.00	46.00		[+]
Electricity Production	533000.00	548300.00	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 January of 2019.