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China Services Pmi

Last Release
Sep 2021
Actual
53.4 points
Forecast
N/A
Previous
46.7 points
Frequency
Monthly
Units In
points
Next Release
Nov 3, 2021
Time to Release
17 Days 12 Hours
Highest
Lowest
Average
Date Range
Source
58.4 points
Jun 2020
26.5 points
Feb 2020
52.3 points2012 - 2021Markit Economics
The Caixin China General Services PMI (Purchasing Managers' Index) is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private service sector companies. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining.

Latest Updates

The Caixin China General Services PMI jumped to 53.4 in September 2021 from 46.7 in the prior month, moving away from the lowest level seen since the height of the pandemic last year. Both new orders and employment bounced back to the expansionary territory, as a major COVID-19 outbreak in the eastern province of Jiangsu eased. At the same time, outstanding business continued to increase, but at a slower pace. Meanwhile, new export sales shrank again, with the sub-index hitting its lowest in seven months due to the surging pandemic overseas. On the cost front, input prices rose for the 15th straight month and increased at a faster pace, on rising labor, freight, and raw material costs. Meantime, prices charged went up after falling in August. Looking forward, sentiment remained optimistic, with the gauge of business expectations rising further into positive territory, though remaining below its long-term average.

China Services Pmi History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Oct 8, 202102:57China Services Sector Rebounds
Sep 3, 202102:10China Services PMI Sinks to 20-Month Low: Caixin
Aug 4, 202102:35China Services Growth Accelerates Sharply: Caixin

China business Indicators

All China indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Business Confidence
49.6
Sep 2021
50.1
Aug 2021
35.7
Feb 2020
59.2
Apr 2008
pointsMonthly2005 - 2021
Capacity Utilization
78.4
Jun 2021
77.2
Mar 2021
67.3
Mar 2020
78.4
Jun 2021
%Quarterly2013 - 2021
Changes In Inventories
6,718
Dec 2020
6,609
Dec 2019
3
Dec 1962
15,873.1
Dec 2018
CNY HMLYearly1952 - 2020
Competitiveness Index
73.9
Dec 2019
72.61
Dec 2018
4.55
Dec 2007
73.9
Dec 2019
PointsYearly2007 - 2019
Corporate Profits
5,605,140
Aug 2021
4,923,950
Jul 2021
1,617
Feb 1998
7,518,710
Dec 2017
CNY MillionMonthly1996 - 2021
Corruption Index
42
Dec 2020
41
Dec 2019
21.6
Dec 1995
42
Dec 2020
PointsYearly1995 - 2020

Services Pmi across Asia

Services Pmi global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
China
53.4
Sep 2021
46.7
Aug 2021
26.5
Feb 2020
58.4
Jun 2020
pointsMonthly2012 - 2021
India
55.2
Sep 2021
56.7
Aug 2021
5.4
Apr 2020
57.5
Jan 2013
pointsMonthly2012 - 2021
Japan
47.8
Sep 2021
42.9
Aug 2021
21.5
Apr 2020
55.3
Oct 2013
pointsMonthly2013 - 2021
Sri Lanka
52.2
Sep 2021
46.2
Aug 2021
29.8
Apr 2020
66.8
May 2015
pointsMonthly2015 - 2021
Kazakhstan
51.2
Sep 2021
51.4
Aug 2021
12.6
Apr 2020
54
Jun 2021
pointsMonthly2019 - 2021

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