The official NBS Non-Manufacturing PMI for China dropped to 51.4 in February 2021, suggesting services activity expanded for the 11th consecutive month but at the slowest pace in a year. Employment remained in contraction territory (48.4 vs 47.8) and new business fell for a second straight month (48.9 vs 48.7 in January) with export sales declining the most in six months (45.7 vs 48.0). On the price front, input costs rose for a tenth month in a row and at a steeper pace (54.7 vs 54.5) while selling charges were little-changed (50.1 vs 51.4). Finally, business sentiment improved sharply in February, from January's eleven-month low. 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 March of 2021.
Non Manufacturing PMI in China is expected to be 52.50 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 53.00 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.