China’s official NBS Non-Manufacturing PMI edged up to 49.5 in February 2026 from 49.4 in the previous month but remained below market expectations of 49.8. The latest reading marked the lowest level since November and signaled a second straight month of contraction in services activity, partly affected by disruptions from the week-long Lunar New Year holiday. New orders fell at a faster pace (45.2 vs 46.1 in January), while foreign demand weakened further (44.7 vs 46.9), underscoring soft external conditions. Employment stayed subdued (46.0 vs 46.1), pointing to ongoing labor market slack. Supplier delivery times shortened (50.5 vs 51.1), indicating improved supply conditions. On the pricing front, input costs rose at a quicker pace (50.9 vs 50.0), while output prices remained in contraction (48.8 vs 48.8). Looking ahead, business confidence eased for the second consecutive month (55.0 vs 56.0), suggesting a more cautious outlook. source: National Bureau of Statistics of China

Non Manufacturing PMI in China increased to 49.50 points in February from 49.40 points in January of 2026. Non Manufacturing PMI in China averaged 54.30 points from 2007 until 2026, reaching an all time high of 62.20 points in May of 2007 and a record low of 29.60 points 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.

Non Manufacturing PMI in China increased to 49.50 points in February from 49.40 points in January of 2026. Non Manufacturing PMI in China is expected to be 50.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Non Manufacturing PMI is projected to trend around 51.40 points in 2027 and 51.70 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
NBS Manufacturing PMI 49.00 49.30 points Feb 2026
Industrial Capacity Utilization 74.90 74.60 percent Dec 2025
Cement Production 14416.40 15434.20 Ten Thousands of Tonnes Dec 2025
Changes in Inventories 10002.90 8740.00 CNY Hundred Million Dec 2024
Industrial Profits (YTD) YoY 7398200.00 6626860.00 CNY Million Dec 2025
Electricity Production 858620.00 779220.00 Gigawatt-hour Dec 2025
Industrial Production YoY 5.20 4.80 percent Dec 2025
Industrial Production Mom 0.49 0.44 percent Dec 2025
Leading Economic Index 144.90 145.30 points Jan 2026
Manufacturing Production YoY 5.70 4.60 percent Dec 2025
Mining Production 5.40 6.30 percent Dec 2025
New Orders 48.60 49.20 points Feb 2026


China Non Manufacturing PMI
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.

News Stream
China Services PMI Hits 3-Month Low
China’s official NBS Non-Manufacturing PMI edged up to 49.5 in February 2026 from 49.4 in the previous month but remained below market expectations of 49.8. The latest reading marked the lowest level since November and signaled a second straight month of contraction in services activity, partly affected by disruptions from the week-long Lunar New Year holiday. New orders fell at a faster pace (45.2 vs 46.1 in January), while foreign demand weakened further (44.7 vs 46.9), underscoring soft external conditions. Employment stayed subdued (46.0 vs 46.1), pointing to ongoing labor market slack. Supplier delivery times shortened (50.5 vs 51.1), indicating improved supply conditions. On the pricing front, input costs rose at a quicker pace (50.9 vs 50.0), while output prices remained in contraction (48.8 vs 48.8). Looking ahead, business confidence eased for the second consecutive month (55.0 vs 56.0), suggesting a more cautious outlook.
2026-03-04
China Services PMI Unexpectedly Drops
China’s official NBS Non-Manufacturing PMI slipped to 49.4 in January 2024 from 50.2 in the previous month, missing market expectations of 50.3 and marking the lowest reading since December 2022. The deterioration reflected weak post-holiday demand, cautious consumer spending, and persistent stress in the property sector. Both new orders (46.1 vs. 47.3 in December) and foreign demand contracted at a steeper pace (46.9 vs. 47.5). At the same time, employment remained subdued (46.1 vs 46.1), pointing to continued labor market slack. Supplier delivery times shortened slightly (51.1 vs. 51.3), suggesting easing supply conditions. On the pricing front, input cost pressures stabilized (50.0 vs. 50.2), while output prices declined at a slower pace (48.8 vs. 48.0). Looking ahead, business sentiment softened to a four-month low (56.0 vs. 56.5).
2026-01-31
China Services PMI Hits 4-Month Peak
China’s official NBS Non-Manufacturing PMI rose to 50.2 in December 2025 from 49.5 in the prior month, marking the highest level since August and beating market forecasts of 49.8. The improvement highlighted Beijing’s ongoing efforts to shore up domestic demand through increased fiscal spending, consumption incentives, and supportive policy measures, which helped underpin activity in services toward year-end. Both new orders (47.3 vs. 45.7 in November) and employment (46.1 vs. 45.3) fell at a slower pace, while foreign demand stayed weak (47.5 vs. 47.9). Supplier delivery times were broadly unchanged (51.3 vs. 51.2), indicating stable supply chains and limited logistical strain. On the pricing side, input costs continued to rise despite a marginal softening (50.2 vs. 50.4), while selling prices fell more sharply (48.0 vs. 49.1). Finally, sentiment improved to a nine-month high (56.5 vs. 56.2), boosted by hopes of further policy easing and a gradual recovery in domestic demand.
2025-12-31