China Non Manufacturing PMI

Last Release

Mar 31, 2025

Actual

50.8

Units In

50.4

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
62.2 May 2007	29.6 Feb 2020	54.51 %	2007-2025	National Bureau of Statistics of China

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.

Latest Updates

China’s official NBS Non-Manufacturing PMI slipped to 50.4 in April 2025 from March’s three-month high of 50.8, falling short of market expectations for a reading of 50.7. The decline reflected deeper contractions in both new orders (44.9 vs 46.6 in March) and employment (45.5 vs 45.8). Foreign demand also weakened notably (42.2 vs 49.8), amid growing concerns over the impact of rising U.S. tariffs on China’s service sector. Meanwhile, delivery times shortened slightly (50.8 vs 51.1), signaling some improvement in supply chains. On the cost front, input prices fell for the third consecutive month (47.8 vs 48.6), while selling prices also declined further (46.6 vs 46.7). Lastly, business confidence slipped to its lowest level since September 2024.