The Caixin China General Services PMI jumped unexpectedly to a 5-month high of 53.8 in November 2018 from October’s 13-month low of 50.8 and well above market expectations of 50.7. New orders increased the most since June, despite a modest increase in new business from abroad, and employment grew for the second straight month. Meantime, outstanding business fell slightly for the third month in a row amid reports of greater efforts to clear backlogs. On the price front, input cost inflation was unchanged while selling prices went up a bit. At the same time, services companies expressed the weakest level of optimism since July, with a number of respondents citing concerns over the strength of future client demand and intense competition. Services PMI in China is reported by Markit Economics.

Services PMI in China is expected to be 52.20 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in China to stand at 52.38 in 12 months time. In the long-term, the China Services PMI is projected to trend around 52.00 Index Points in 2020, according to our econometric models.

China Services PMI
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China Business Last Previous Highest Lowest Unit
Business Confidence 50.00 50.20 59.20 38.80 Index Points [+]
Services PMI 53.80 50.80 54.70 50.00 Index Points [+]
Non Manufacturing PMI 53.40 53.90 62.20 50.80 percent [+]
Manufacturing PMI 50.20 50.10 52.30 47.20 [+]
Industrial Production 5.90 5.80 29.40 -21.10 percent [+]
Industrial Production Mom 0.48 0.48 1.32 0.13 percent [+]
Manufacturing Production 6.10 5.70 11.40 5.70 percent [+]
New Orders 50.40 50.80 65.10 32.30 Index Points [+]
Changes in Inventories 14186.00 11054.00 14186.00 3.00 CNY HML [+]
Total Vehicle Sales 2547800.00 2380127.00 3060271.00 88416.00 [+]
Car Production 2002200.00 2024800.00 2669100.00 215533.00 Units [+]
Car Registrations 2046800.00 2060500.00 2672300.00 213534.00 [+]
Internet Speed 7583.32 6295.74 7583.32 635.70 KBps [+]
IP Addresses 98862937.00 104032031.00 119094184.00 28818357.00 IP [+]
Steel Production 82552.00 80845.00 82552.00 4918.00 Thousand Tonnes [+]
Mining Production 3.80 2.20 7.90 -3.80 percent [+]
Capacity Utilization 76.50 76.80 78.00 72.90 percent [+]
Competitiveness Index 72.61 71.76 72.61 4.55 Points [+]
Competitiveness Rank 28.00 28.00 34.00 26.00 [+]
Composite Pmi 51.90 50.50 53.70 48.00 [+]
Cement Production 22043.20 20781.00 23427.00 781.50 Ten Thousands of Tonnes [+]
Corruption Index 41.00 40.00 41.00 21.60 Points [+]
Corruption Rank 77.00 79.00 100.00 40.00 [+]
Corporate Profits 5521180.00 4917340.00 7518710.00 1617.00 CNY Million [+]
Ease of Doing Business 46.00 78.00 99.00 46.00 [+]
Electricity Production 533000.00 548300.00 640500.00 41760.00 Gigawatt-hour [+]


China Services PMI

The Caixin China General Services PMI (Purchasing Managers' Index) is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private service sector companies. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. This page provides the latest reported value for - China Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. China Services PMI - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
53.80 50.80 54.70 50.00 2012 - 2018 Index Points Monthly




Country Last Previous
Australia 55.10 Nov/18
Brazil 51.30 Nov/18
China 53.80 Nov/18
Euro Area 53.40 Nov/18
France 55.10 Nov/18
Germany 53.30 Nov/18
India 53.70 Nov/18
Italy 50.30 Nov/18
Japan 52.30 Nov/18
Russia 55.60 Nov/18
Spain 54.00 Nov/18
United Kingdom 50.40 Nov/18
United States 54.70 Nov/18


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