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China Non Manufacturing PMI

Last Release

Nov 2021

Actual

52.3 %

Forecast

N/A

52.4 %

Frequency

Monthly

Units In

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
62.2 % May 2007	29.6 % Feb 2020	55.14 %	2007 - 2021	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

The official NBS Non-Manufacturing PMI for China was at 52.3 in November 2021, little changed from 52.4 a month earlier. Still, the latest reading pointed to the third straight month of growth in the service sector, amid sporadic COVID-19 outbreaks and easing power rationing. Both new orders (48.9 vs 49.0 in October) and employment (47.3 vs 47.5) continued to fall, with new export orders shrinking for the eighth straight month (47.5 vs 47.5). Prices data showed input cost inflation eased sharply (50.8 vs 57.8) while selling prices rose the least in three months (50.1 vs 52.7). Finally, confidence weakened to a three-month low but remained positive (58.2 vs 58.8).