China Non Manufacturing PMI

Last Release

Nov 30, 2025

Actual

49.5

Units In

50.1

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	54.36 %	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 49.5 in November 2025 from 50.1 in the previous month, pointing to the lowest figure since December 2022 and the first decline in nearly three years. The latest reading also missed market estimates of 50.0, underscoring a loss of economic momentum in services and sectors that rely on consumer spending, weighed down by weak sentiment, a sluggish property market, and persistent external pressures. In the meantime, limited fiscal support has provided little relief. New orders (45.7 vs 46.0 in October), overseas demand (47.9 vs 46.2), and employment (45.3 vs 45.2) all remained in contraction. Supplier delivery times lengthened slightly (51.2 vs 50.9), suggesting mild logistical pressures. On the price front, input cost rose after two months of decline (50.4 vs 49.4), while selling prices fell at a slower pace (49.1 vs 47.8). Lastly, confidence inched up to a three-month high (56.2 vs 56.1).