The Caixin China General Services PMI jumped to 54.4 in March 2019 from 51.1 in the previous month, easily beating market consensus of 52.3. The latest reading pointed to the strongest pace of expansion in the service sector since January 2018, as new orders rose the most in 14 months, with new export sales advancing at the second-strongest rate since December 2017 amid reports of greater activity in international markets. In addition, employment growth was little-changed, while backlogs fell for the third straight month. On the price front, input cost inflation eased slightly and was moderate overall; while average selling prices rose marginally. Looking ahead, business sentiment strengthened to three-month high. Services PMI in China is reported by Markit Economics.

Services PMI in China is expected to be 53.60 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 52.80 in 12 months time. In the long-term, the China Services PMI is projected to trend around 52.20 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 50.50 49.20 59.20 38.80 Index Points [+]
Services PMI 54.40 51.10 54.70 50.00 Index Points [+]
Non Manufacturing PMI 54.80 54.30 62.20 50.80 percent [+]
Manufacturing PMI 50.80 49.90 52.30 47.20 [+]
Industrial Production 8.50 5.30 29.40 -21.10 percent [+]
Industrial Production Mom 1.00 0.46 1.32 0.13 percent [+]
Manufacturing Production 9.00 5.60 11.40 5.50 percent [+]
New Orders 51.60 50.60 65.10 32.30 Index Points [+]
Changes in Inventories 14186.00 11054.00 14186.00 3.00 CNY HML [+]
Total Vehicle Sales 2520000.00 1481602.00 3060271.00 88416.00 [+]
Car Production 2089800.00 1140300.00 2669100.00 215533.00 Units [+]
Car Registrations 2019400.00 1219500.00 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 70988.00 75013.00 82552.00 4918.00 Thousand Tonnes [+]
Mining Production 4.60 0.30 7.90 -3.80 percent [+]
Capacity Utilization 75.90 76.00 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 52.90 50.70 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 708010.00 6635140.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
54.40 51.10 54.70 50.00 2012 - 2019 Index Points Monthly




Country Last Previous
Australia 44.80 Mar/19
Brazil 52.70 Mar/19
China 54.40 Mar/19
Euro Area 52.50 Apr/19
France 50.50 Apr/19
Germany 55.60 Apr/19
India 52.00 Mar/19
Italy 53.10 Mar/19
Japan 52.00 Mar/19
Russia 54.40 Mar/19
Spain 56.80 Mar/19
United Kingdom 48.90 Mar/19
United States 52.90 Apr/19


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