The official NBS Non-Manufacturing PMI for China rose to a four-month high of 56.3 in March 2021 from 51.4 a month earlier. This was the twelfth straight month of growth in the service sector, as a recovery in the economy from the COVID-19 disruptions gained traction, with both new orders (55.9 vs 48.9 in February) and new export orders (50.3 vs 45.7) returning to growth. At the same time, employment contracted at a slower rate (49.7 vs 48.4). On the price front, input costs rose for the eleventh month in a row and at a steeper pace (56.2 vs 54.7) and selling charges went up the most since last December (52.2 vs 50.1). Finally, confidence strengthened to a ten-month high. source: National Bureau of Statistics of China

Non Manufacturing PMI in China averaged 55.40 percent from 2007 until 2021, 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 April of 2021.

Non Manufacturing PMI in China is expected to be 51.90 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
56.30 51.40 62.20 29.60 2007 - 2021 percent Monthly
SA


News Stream
China Non Manufacturing PMI Highest in 4 Months: NBS
The official NBS Non-Manufacturing PMI for China rose to a four-month high of 56.3 in March 2021 from 51.4 a month earlier. This was the twelfth straight month of growth in the service sector, as a recovery in the economy from the COVID-19 disruptions gained traction, with both new orders (55.9 vs 48.9 in February) and new export orders (50.3 vs 45.7) returning to growth. At the same time, employment contracted at a slower rate (49.7 vs 48.4). On the price front, input costs rose for the eleventh month in a row and at a steeper pace (56.2 vs 54.7) and selling charges went up the most since last December (52.2 vs 50.1). Finally, confidence strengthened to a ten-month high.
2021-03-31
China Services PMI Falls to Lowest in a Year: NBS
The official NBS Non-Manufacturing PMI for China dropped to 51.4 in February 2021, suggesting services activity expanded for the 11th consecutive month but at the slowest pace in a year. Employment remained in contraction territory (48.4 vs 47.8) and new business fell for a second straight month (48.9 vs 48.7 in January) with export sales declining the most in six months (45.7 vs 48.0). On the price front, input costs rose for a tenth month in a row and at a steeper pace (54.7 vs 54.5) while selling charges were little-changed (50.1 vs 51.4). Finally, business sentiment improved sharply in February, from January's eleven-month low.
2021-02-28
China Services Activity Rises the Least in 10 Months: NBS
The official NBS Non-Manufacturing PMI for China dropped to a ten-month low of 52.4 in January 2021 from 55.7 in the previous month, as the economy struggled to contain a fresh wave of COVID-19 cases in some parts of the country ahead of the Lunar New Year festival. New business contracted for the first time in ten months (48.7 vs 51.9 in December), amid a further decline in both new export orders (48.0 vs 47.5) and employment (47.8 vs 48.7). Prices data showed input cost inflation rose for the ninth month in a row (54.5 vs 54.3), with selling charges rising at a slower pace (51.4 vs 52.3). Finally, business sentiment deteriorated to an eleven-month low (55.1 vs 60.6).
2021-01-31
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 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.