The official NBS Non-Manufacturing PMI for China dropped to a four-month low of 53.5 in June 2021 from 55.2 in the previous month, amid an outbreak of COVID-19 in China’s major export province of Guangdong. New orders shrank for the first time in four months (49.6 vs 52.2 in May), export orders declined for the third month running and at a steeper rate (45.4 vs 47.6), and employment contracted further (48.0 vs 48.9). Prices data showed input prices went up the least in seven months (53.4 vs 57.7), with selling prices increasing at a softer pace (51.4 vs 52.8). Meantime, the supplier's delivery time shortened (51.0 vs 50.8). Finally, confidence hit its lowest in five months (60.8 vs 62.9). source: National Bureau of Statistics of China
Non Manufacturing PMI in China averaged 55.39 percent from 2007 until 2021, reaching an all time high of 62.20 percent in May of 2007 and a record low of 29.60 percent in February of 2020. This page provides the latest reported value for - China Non Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. China Non Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Non Manufacturing PMI in China is expected to be 52.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Non Manufacturing PMI in China to stand at 52.80 in 12 months time. In the long-term, the China Non Manufacturing PMI is projected to trend around 52.90 percent in 2022, according to our econometric models.