The official NBS Non-Manufacturing PMI for China plunged to 47.5 in August 2021 from 53.3 in the previous month. This was the first contraction in services activity since February 2020, dragged down by tough restrictions due to rising cases of the Delta variant of coronavirus, with new orders (42.2 vs 49.7 in July), new export orders (43.9 vs 47.7), and employment (47.0 vs 48.2) all shrinking at steeper rates. Prices data showed input cost inflation slowed (51.3 vs 53.5) while selling prices dropped for the first time in ten months (49.3 vs 51.3). Finally, confidence hit its lowest in seven months (57.4 vs 60.7). source: National Bureau of Statistics of China
Non Manufacturing PMI in China averaged 55.32 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 September of 2021.
Non Manufacturing PMI in China is expected to be 51.00 percent 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 52.90 percent in 2022, according to our econometric models.