The RatingDog China General Services PMI surged to 56.7 in February 2026 from 52.3 in January, pointing to the highest reading since May 2023. New orders rose at the strongest pace since May 20244, linked to successful promotional strategies and rising client interest. Also, foreign demand grew the most in a year due to greater tourism interest. Outstanding business accelerated further despite its growth rate being similar to that seen in the prior two months. Service providers reduced their staffing levels, following a slight increase in payroll at the start of the year. Regarding inflation, cost pressures intensified as average input prices rose at a quicker rate, owing to higher wage and energy cost. Selling prices gained for the first time in three months. Although modest, the rate of output price inflation was the highest recorded since May. Looking ahead, business confidence remained elevated, supported by forecasts of improved market conditions and business expansion plans. source: S&P Global
Services PMI in China increased to 56.70 points in February from 52.30 points in January of 2026. Services PMI in China averaged 52.10 points from 2012 until 2026, reaching an all time high of 58.40 points in June of 2020 and a record low of 26.50 points in February of 2020. 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.
Services PMI in China increased to 56.70 points in February from 52.30 points in January of 2026. Services PMI in China is expected to be 54.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China RatingDog Services PMI is projected to trend around 52.80 points in 2027 and 52.50 points in 2028, according to our econometric models.