The official NBS Non-Manufacturing PMI for China fell to 55.7 in December 2020 from an 8-1/2-year high of 56.4 a month earlier. Still, the latest reading pointed to the tenth straight month of increase in the service sector, as the economy recovered further from the COVID-19 crisis. New business expanded the least in five months (51.9 vs 52.8 in November), amid a steeper decline in new export orders (47.5 vs 49.0), while employment continued to fall (48.7 vs 48.9). Prices data showed both input costs and selling charges rose at a steeper pace. Finally, business sentiment weakened to its lowest in six months (60.6 vs 61.2). source: National Bureau of Statistics of China

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 January of 2021.

Non Manufacturing PMI in China is expected to be 52.50 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 53.00 in 12 months time. In the long-term, the China Non Manufacturing PMI is projected to trend around 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
55.70 56.40 62.20 29.60 2007 - 2020 percent Monthly
SA


News Stream
China Services Growth Slows From Over 8-Year High
The official NBS Non-Manufacturing PMI for China fell to 55.7 in December 2020 from an 8-1/2-year high of 56.4 a month earlier. Still, the latest reading pointed to the tenth straight month of increase in the service sector, as the economy recovered further from the COVID-19 crisis. New business expanded the least in five months (51.9 vs 52.8 in November), amid a steeper decline in new export orders (47.5 vs 49.0), while employment continued to fall (48.7 vs 48.9). Prices data showed both input costs and selling charges rose at a steeper pace. Finally, business sentiment weakened to its lowest in six months (60.6 vs 61.2).
2020-12-31
China Service Growth at 8-1/2-Year High: NBS
The official NBS Non-Manufacturing PMI for China increased to 56.4 in November 2020 from 56.2 a month earlier. The reading pointed to the ninth straight month of growth in the service sector and the fastest since June 2012, as the economy recovered further from the COVID-19 crisis. New business continued to rise (52.8 vs 53.0 in October), amid a softer decline in new export orders (49.0 vs 47.0). Meanwhile, employment fell further (48.9 vs 49.4). Prices data showed input cost went up for the seventh month in a row and at a faster rate (52.7 vs 50.9), while selling prices rose for the first time in three months (51.0 vs 49.4). Finally, business sentiment weakened but remained positive (61.2 vs 62.9).
2020-11-30
China Services Growth at 7-Year High: NBS
The official NBS Non-Manufacturing PMI for China increased to 56.2 in October 2020 from 55.9 a month earlier, signaling the fastest growth in the service sector since October 2013 as the economy recovers further from the COVID-19 crisis. New business continued to rise (53.0 vs 54.0 in September), while declines were seen in both new export orders (47.0 vs 49.1) and employment (49.4 vs 49.1). Prices data showed input cost went up for the sixth month in a row and at a faster rate (50.9 vs 50.6), while selling prices fell at a slower pace (49.4 vs 48.9). Finally, business sentiment was little changed from September's four-month high (62.9 vs 63.0).
2020-10-31
China Services Growth Near 7-Year High: NBS
The official NBS Non-Manufacturing PMI for China increased to 55.9 in September 2020 from 55.2 a month earlier, signaling the fastest growth in the service sector since November 2013 as the economy recovers further from the COVID-19 crisis. New business rose faster (54.0 vs 52.3 in August), while declines were seen in both new export orders (49.1 vs 45.1) and employment (49.1 vs 48.3). Prices data showed input cost increased for the fifth month in a row but at a slower rate (50.6 vs 51.9), while selling prices dropped for the first time in three months (48.9 vs 50.1). Finally, business sentiment strengthened to a four-month high (63.0 vs 62.1).
2020-09-30

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.