China Non Manufacturing PMI - Forecast

Non Manufacturing PMI in China is expected to be 54.50 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 52.00 percent in 2020, according to our econometric models.


China Non Manufacturing PMI
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China Business Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Business Confidence 51.9 51.7 50.9 51.4 51.6 51
Non Manufacturing PMI 54.9 54.5 54 54.6 53 52
Manufacturing PMI 51.1 51.2 50.9 51.2 51.6 53.4
Services PMI 52.9 51.9 52.8 52.2 52.3 52
Industrial Production 6.8 6.9 6.5 6.4 6.2 5.2
Industrial Production Mom 0.58 0.19 0.7 0.3 0.51 0.3
Manufacturing Production 6.6 6.4 6.5 6 6.87 5.5
New Orders 53.8 54.77 53.7 53.86 53.83 53.84
Changes in Inventories 10816 11088 11168 11249 11184 10896
Total Vehicle Sales 2287700 2625220 2542666 2476792 2475307 2479079
Car Production 1954200 2168319 2129634 2092666 2095029 2096949
Car Registrations 1889400 2195728 2184351 2102280 2095158 2106988
Leading Economic Index 101 102 102 104 100 107
Internet Speed 7583 10781 11056 11465 11849 11770
IP Addresses 98862937 79012724 75461774 72038908 68739509 39428876
Steel Production 76698 77501 76722 76607 76719 76735
Mining Production 3 1.9 2.8 1.5 -0.5 1.2
Capacity Utilization 76.5 77 78 78 78.3 78.5
Competitiveness Index 5 4.96 4.99 4.96 4.98 4.96
Competitiveness Rank 27 28 29 28 28 29
Composite Pmi 52.3 51.7 52.5 52.3 51.4 52.4
Cement Production 21521 20183 19472 19740 19818 19754
Corruption Index 41 41 41 41 41 42
Corruption Rank 77 78 78 78 81 77
Corporate Profits 2127170 3700000 5620000 7700000 1720000 8250000
Ease of Doing Business 78 79 79 78 78 87
Electricity Production 510800 533050 529145 530354 530453 530407