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). source: National Bureau of Statistics of China

Non Manufacturing PMI in China averaged 55.42 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 October of 2020.

Non Manufacturing PMI in China is expected to be 54.90 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 50.40 in 12 months time. In the long-term, the China Non Manufacturing PMI is projected to trend around 53.00 percent in 2021 and 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
55.90 55.20 62.20 29.60 2007 - 2020 percent Monthly
SA


News Stream
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 at 2-1/2-Year High: NBS
The official NBS Non-Manufacturing PMI for China rose to 55.2 in August 2020 from 54.2 a month earlier, pointing to the the fastest month of growth in the service sector since January 2018 as the economy recovers further from the COVID-19 crisis. New business rose faster (52.3 vs 51.5 in July), while declines were seen in both overseas sales (45.1 vs 44.5) and employment (48.3 vs 48.1). On the price front, input cost increased for the fourth month in a row but at a slower rate (51.9 vs 53.0), while selling prices were stable (at 50.1). Finally, business sentiment was little-changed (62.1 vs 62.2).
2020-08-31
China Services Sector Grow for 5th Month: NBS
The Official NBS Non-Manufacturing PMI edged down to 54.2 in July 2020 from 54.4 in the prior month. Still, this marked the fifth consecutive month of growth in the service sector, suggesting consumer confidence is recovering even as the country sees another round of COVID-19 cases in some parts of its regions, with new business continuing to expand (51.5 vs 52.7). Meantime, both overseas sales (44.5 vs 43.3) and employment (48.1 vs 48.7) declined further, amid a slight lightening in the suppliers' delivery time (51.9 vs 52.1). On the price front, input cost increased for the third month in a row and at the steepest rate since January (53.0 vs 52.9), and selling prices rose the most since the start of the year (50.1 vs 49.5). Finally, sentiment strengthened markedly (62.2 vs 60.3).
2020-07-31
China Services Growth at 4-Month High: NBS
The Official NBS Non-Manufacturing PMI increased to 54.4 in June 2020 from 53.6 in the prior month. This marked the fourth consecutive month of growth in the service sector and the strongest since January. New business expanded further (52.7 vs 52.6 in May), amid softer declines in both overseas sales (43.3 vs 41.3) and employment (48.7 vs 48.5). Meantime, suppliers' delivery time shortened (52.1 vs 52.9). On the price front, input cost increased for the second time in four months (52.9 vs 52.0), while selling prices decreased the least since January (49.5 vs 48.6). Finally, sentiment weakened but remained noticeably solid (60.3 vs 63.9).
2020-06-30

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.