The Caixin China General Services PMI edged up unexpectedly to 54.5 in April 2019 from 54.4 in the previous month, easily beating market expectations of 52.8. The latest reading pointed to the strongest pace of expansion in the service sector since January 2018, as export sales grew the most since the survey began in September 2014 and employment rose at the fastest rate in ten months, amid improved marketing strategies, new product offerings and firmer underlying market demand. Meantime, outstanding workloads fell further, though the rate of backlog depletion was the slowest so far this year. On the price front, input price inflation hit its highest since September last year; while factory charges went up the most since June 2018, with some firms linking it to firmer demand conditions. Finally, sentiment reached its lowest in five months, due to concerns over the strength of the global economy. 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 50.10 50.50 59.20 38.80 Index Points [+]
Services PMI 54.50 54.40 54.70 50.00 Index Points [+]
Non Manufacturing PMI 54.30 54.80 62.20 50.80 percent [+]
Manufacturing PMI 50.20 50.80 52.30 47.20 [+]
Industrial Production 5.40 8.50 29.40 -21.10 percent [+]
Industrial Production Mom 0.37 0.97 1.32 0.13 percent [+]
Manufacturing Production 5.30 9.00 11.40 5.30 percent [+]
New Orders 51.40 51.60 65.10 32.30 Index Points [+]
Changes in Inventories 14186.00 11054.00 14186.00 3.00 CNY HML [+]
Total Vehicle Sales 1980500.00 2520000.00 3060271.00 88416.00 [+]
Car Production 1660500.00 2089800.00 2669100.00 215533.00 Units [+]
Car Registrations 1574900.00 2019400.00 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 80326.00 70988.00 82552.00 4918.00 Thousand Tonnes [+]
Mining Production 2.90 4.60 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 52.70 52.90 53.70 48.00 [+]
Cement Production 21345.40 17971.10 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 1297200.00 708010.00 7518710.00 1617.00 CNY Million [+]
Ease of Doing Business 46.00 78.00 99.00 46.00 [+]
Electricity Production 544000.00 569800.00 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
54.50 54.40 54.70 50.00 2012 - 2019 Index Points Monthly




Country Last Previous
Australia 46.50 Apr/19
Brazil 49.90 Apr/19
China 54.50 Apr/19
Euro Area 52.50 May/19
France 51.70 May/19
Germany 55.00 May/19
India 51.00 Apr/19
Italy 50.40 Apr/19
Japan 51.80 Apr/19
Russia 52.60 Apr/19
Spain 53.10 Apr/19
United Kingdom 50.40 Apr/19
United States 50.90 May/19


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