China Non Manufacturing PMI

Last Release

Mar 31, 2024

Actual

Units In

51.4

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	54.74 %	2007-2024	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 rose to 53.0 in March 2024 from 51.4 in the previous month. It was the 15th consecutive month of expansion in services activity and the fastest pace since last June, amid a softer fall in new orders (47.4 vs 46.8 in February). Meanwhile, foreign sales shrank for the third month (47.3 vs 47.3), and employment stayed weak (46.6 vs 47.0) Simultaneously, delivery time slightly shortened (51.1 vs 50.3). On prices, input cost dropped after increasing in the prior month (49.5 vs 50.6) while selling prices decreased for the sixth consecutive month (48.6 vs 48.4). Lastly, sentiment strengthened after weakening in the prior two months (58.4 vs 57.7).