The RatingDog China General Services PMI increased to 54.4 in May 2026 from 52.6 in April, surpassing forecasts of 52.3. It marked the strongest growth in the services sector since February, as new orders rose at the fastest pace in three months, while export orders increased following slight declines in the previous two months. However, growth in foreign sales remained softer than domestic demand. Employment increased for the first time in four months, with the pace of job creation exceeding that recorded in January. On prices, input price inflation accelerated to its highest level since October 2024, driven by higher fuel prices and wage costs. Output price inflation was broadly unchanged, with cost pressures increasing but remaining below the long-run survey average. Lastly, sentiment improved to a three-month high, supported by improving market conditions, a brighter economic outlook, business development initiatives, increased client demand, new projects, and new business lines. source: S&P Global
Services PMI in China increased to 54.40 points in May from 52.60 points in April of 2026. Services PMI in China averaged 52.12 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 54.40 points in May from 52.60 points in April of 2026. Services PMI in China is expected to be 52.00 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.