The official NBS Non-Manufacturing PMI for China declined to 51.0 in August 2023 from 51.5 a month earlier. The latest figure marked the softest increase in the service sector since December 2022, coming slightly less than market forecasts of 51.1, as both new orders (47.5 vs 48.1 in July) and foreign sales (47.9 vs 47.7) contracted for the fourth month in a row. Further, employment remained weak, declining for the fifth straight month (46.8 vs 46.6). That said, the delivery time index recovered from its lowest in six months during July (52.0 vs 51.4). On prices, input cost increased for the second straight month and at a steeper pace (51.7 vs 50.8), while selling prices stabilized after falling in the prior three months (50.0 vs 49.7). Finally, sentiment softened to an eight-month low (58.2 vs 59.0). source: National Bureau of Statistics of China

Non Manufacturing PMI in China averaged 54.86 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 August of 2023.

Non Manufacturing PMI in China is expected to be 52.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Non Manufacturing PMI is projected to trend around 52.50 percent in 2024 and 53.00 percent in 2025, according to our econometric models.

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China Non Manufacturing PMI



Related Last Previous Unit Reference
Business Confidence 49.70 49.30 points Aug 2023
Non Manufacturing PMI 51.00 51.50 percent Aug 2023
Industrial Production Mom 0.01 0.68 percent Jul 2023
Industrial Production 3.70 4.40 percent Jul 2023
Manufacturing Production 3.90 4.80 percent Jul 2023
New Orders 49.50 48.60 points Jul 2023
Changes in Inventories 15932.80 10996.00 CNY Hundred Million Dec 2022
Leading Economic Index 94.39 93.85 points Sep 2022
Electricity Production 846170.00 739902.26 Gigawatt-hour Jul 2023
Mining Production 1.30 1.50 percent Jul 2023
Corporate Profits 3943980.00 3388460.00 CNY Million Jul 2023
Cement Production 17618.30 18503.20 Ten Thousands of Tonnes Jul 2023
Capacity Utilization 74.50 74.30 percent Jun 2023

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
51.00 51.50 62.20 29.60 2007 - 2023 percent Monthly
SA

News Stream
China Services Growth at 8-Month Low
The official NBS Non-Manufacturing PMI for China declined to 51.0 in August 2023 from 51.5 a month earlier. The latest figure marked the softest increase in the service sector since December 2022, coming slightly less than market forecasts of 51.1, as both new orders (47.5 vs 48.1 in July) and foreign sales (47.9 vs 47.7) contracted for the fourth month in a row. Further, employment remained weak, declining for the fifth straight month (46.8 vs 46.6). That said, the delivery time index recovered from its lowest in six months during July (52.0 vs 51.4). On prices, input cost increased for the second straight month and at a steeper pace (51.7 vs 50.8), while selling prices stabilized after falling in the prior three months (50.0 vs 49.7). Finally, sentiment softened to an eight-month low (58.2 vs 59.0).
2023-08-31
China Services Growth at 7-Month Low
The official NBS Non-Manufacturing PMI for China declined to 51.5 in July 2023 from 53.2 a month earlier. While pointing to the seventh consecutive month of increase in services activity following the removal of pandemic curbs by Beijing late last year, the latest result was the softest pace in the sequence. Both new orders (48.1 vs 49.5 in June) and foreign sales (47.7 vs 49.0) contracted for the third month in a row and at steeper paces. Meantime, employment remained weak, declining for the fifth straight month (46.8 vs 46.8). At the same time, the delivery time index hit its lowest in six months (51.4 vs 51.9). On prices, input cost increased after falling in the previous two months (50.8 vs 49.0), while selling prices fell at a weaker rate (49.7 vs 47.8). Finally, sentiment softened to a seven-month low (59.0 vs 60.3).
2023-07-31
China NBS Services PMI Falls to 6-Month Low
The official NBS Non-Manufacturing PMI for China declined to 53.2 in June 2023 from 54.5 a month earlier. While pointing to the sixth consecutive month of expansion in services activity following the removal of strict pandemic curbs by Beijing late last year, the latest result was the weakest growth since January. New orders remained weak (49.5 vs 49.5 in May), foreign sales shrank for the second month in a row and at a steeper pace (49.0 vs 49.7), and employment declined for the fourth straight month and at the fastest rate in five months (46.8 vs 48.4). At the same time, the delivery time index was stable (at 51.9). On prices, input cost dropped for the second successive month (49.0 vs 47.4), and selling prices fell further (47.8 vs 47.6). Finally, sentiment softened to a six-month low (60.3 vs 60.4).
2023-06-30