The official NBS Non-Manufacturing PMI for China increased to 56.3 in February 2023 from 54.4 a month earlier, pointing to the highest reading since March 2021, boosted by the removal of a zero-COVID policy. The latest result also marked the second straight month of expansion in the service sector, as new orders expanded for the second successive month and at a faster rate (55.8 vs 52.5 in January), while both foreign sales (51.9 vs 45.9) and employment (50.2 vs 46.7) rose after months of contraction. Meanwhile, delivery time notably improved (55.2 vs 49.7), as mobility and logistics returned to normal across the mainland. On inflation, input cost slowed slightly (51.1 vs 51.5) while output prices went up for the first time in eleven months (50.8 vs 48.3). Lastly, sentiment remained upbeat, with the reading staying at a high level (at 64.9). source: National Bureau of Statistics of China

Non Manufacturing PMI in China averaged 54.89 percent from 2007 until 2023, 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 March of 2023.

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.

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China Non Manufacturing PMI



Related Last Previous Unit Reference
Business Confidence 52.60 50.10 points Feb 2023
Non Manufacturing PMI 56.30 54.40 percent Feb 2023
Industrial Production Mom 0.12 0.26 percent Feb 2023
Industrial Production 2.40 1.30 percent Feb 2023
Manufacturing Production 0.20 2.00 percent Dec 2022
New Orders 54.10 50.90 points Feb 2023
Changes in Inventories 10996.00 6718.00 CNY HML Dec 2021
Leading Economic Index 94.39 93.85 points Sep 2022
Corporate Profits 887210.00 8403850.00 CNY Million Feb 2032
Electricity Production 757900.00 666671.58 Gigawatt-hour Dec 2022
Mining Production 4.90 5.90 percent Dec 2022
Cement Production 16844.00 19172.00 Ten Thousands of Tonnes Dec 2022
Capacity Utilization 75.70 75.60 percent Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
56.30 54.40 62.20 29.60 2007 - 2023 percent Monthly
SA

News Stream
China Services Growth at Near 2-Year High
The official NBS Non-Manufacturing PMI for China increased to 56.3 in February 2023 from 54.4 a month earlier, pointing to the highest reading since March 2021, boosted by the removal of a zero-COVID policy. The latest result also marked the second straight month of expansion in the service sector, as new orders expanded for the second successive month and at a faster rate (55.8 vs 52.5 in January), while both foreign sales (51.9 vs 45.9) and employment (50.2 vs 46.7) rose after months of contraction. Meanwhile, delivery time notably improved (55.2 vs 49.7), as mobility and logistics returned to normal across the mainland. On inflation, input cost slowed slightly (51.1 vs 51.5) while output prices went up for the first time in eleven months (50.8 vs 48.3). Lastly, sentiment remained upbeat, with the reading staying at a high level (at 64.9).
2023-03-01
China Services Grows the Most in 7 Months
The official NBS Non-Manufacturing PMI for China increased sharply to 54.4 in January 2023 from 41.6 a month earlier. This was the first expansion in the service sector in four months and the strongest growth since June last year, due to lifting zero-Covid policy. New orders increased for the first time in seven months and at the fastest pace since June last year (52.5 vs 39.1 in December), foreign sales shrank at a softer rate (45.9 vs 44.5), and a decline in employment eased to the least in five months (46.7 vs 42.9). At the same time, delivery time lengthened at the smallest extent in five months (49.7 vs 40.4). On inflation, input cost accelerated for the first time in three months, and the most since June last year (51.5 vs 49.2) while output prices decreased for the tenth consecutive month, with the rate of fall easing from the previous month (48.3 vs 47.5).
2023-01-31
China Services Sector Contracts for 3rd Month
The official NBS Non-Manufacturing PMI for China declined sharply to 41.6 in December 2022 from 46.7 a month earlier. This was the third straight month of contraction in the services sector and the steepest fall since February 2020, due to surging COVID cases after Beijing abruptly eased its tough anti-virus policy. New orders decreased for the sixth month running and at the fastest pace since April (39.1 vs 42.3 in November), foreign sales shrank the most in seven months (44.5 vs 46.1), and a decline in employment accelerated (42.9 vs 45.5). At the same time, delivery time lengthened sharply (40.4 vs 45.0). On inflation, input cost fell after stabilizing in November (49.2 vs 49.9) while output prices decreased for the ninth consecutive month, with the rate of fall the most in five months (47.5 vs 48.7).
2022-12-31