The official NBS Non-Manufacturing PMI for China rose to 55.2 in May 2021 from 54.9 in the prior month. This was the 14th straight month of growth in the service sector, as the recovery from the COVID-19 crisis gains momentum, with new order growth accelerating (52.2 vs 51.5 in April). Meanwhile, new export orders fell for the second month running (47.6 vs 48.1), and employment continued to contract (48.9 vs 48.7). On the price front, input costs rose for the 13th month in a row and at a steeper pace (57.7 vs 54.9), while selling charges increased at a faster rate (52.8 vs 51.2). Finally, confidence hit its lowest in four months (62.9 vs 63.0). source: National Bureau of Statistics of China
Non Manufacturing PMI in China averaged 55.39 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 June of 2021.
Non Manufacturing PMI in China is expected to be 52.40 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 52.80 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.