The Caixin China General Services PMI edged down to 53.6 in January 2019 from 53.9 in the previous month. The latest reading pointed to the weakest growth in the service sector since October 2018, mainly affected by weakening domestic demand and despite signs of progress in the Sino-US trade negotiations. New orders rose the most in seven months, new export orders expanded at the steepest pace in over a year, and employment growth accelerated to a 3-month high. Meanwhile, backlogs of work declined slightly. On the price front, input price inflation slowed to its lowest since May last year, while factory gate prices fell for the third month in a row and at a quicker rate. Finally, sentiment weakened. "The effects of China’s policies to support domestic demand and the development of the trade war between the country and the US will remain key to the prospects of the Chinese economy," said Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group. 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 51.90 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 49.50 49.40 59.20 38.80 Index Points [+]
Services PMI 53.60 53.90 54.70 50.00 Index Points [+]
Non Manufacturing PMI 54.70 53.80 62.20 50.80 percent [+]
Manufacturing PMI 48.30 49.70 52.30 47.20 [+]
Industrial Production 5.70 5.40 29.40 -21.10 percent [+]
Industrial Production Mom 0.54 0.37 1.32 0.13 percent [+]
Manufacturing Production 5.50 5.60 11.40 5.50 percent [+]
New Orders 49.60 49.70 65.10 32.30 Index Points [+]
Changes in Inventories 14186.00 11054.00 14186.00 3.00 CNY HML [+]
Total Vehicle Sales 2367300.00 2661500.00 3060271.00 88416.00 [+]
Car Production 1995087.00 2054600.00 2669100.00 215533.00 Units [+]
Car Registrations 2021089.00 2233100.00 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 76121.00 77621.00 82552.00 4918.00 Thousand Tonnes [+]
Mining Production 3.60 2.30 7.90 -3.80 percent [+]
Capacity Utilization 76.00 76.50 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 50.90 52.20 53.70 48.00 [+]
Cement Production 18394.00 20521.00 23427.00 781.50 Ten Thousands of Tonnes [+]
Corruption Index 39.00 41.00 41.00 21.60 Points [+]
Corruption Rank 87.00 77.00 100.00 40.00 [+]
Corporate Profits 6635140.00 6116880.00 7518710.00 1617.00 CNY Million [+]
Ease of Doing Business 46.00 78.00 99.00 46.00 [+]
Electricity Production 620000.00 554300.00 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
53.60 53.90 54.70 50.00 2012 - 2019 Index Points Monthly




Country Last Previous
Australia 44.30 Jan/19
Brazil 52.00 Jan/19
China 53.60 Jan/19
Euro Area 52.30 Feb/19
France 49.80 Feb/19
Germany 55.10 Feb/19
India 52.20 Jan/19
Italy 49.70 Jan/19
Japan 51.60 Jan/19
Russia 54.90 Jan/19
Spain 54.70 Jan/19
United Kingdom 50.10 Jan/19
United States 56.20 Feb/19


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