China Services PMI  Forecast


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Services PMI in China is expected to be 52.50 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 52.20 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 Business Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Business Confidence 51.6 51.7 50.9 51 51.6 51
Non Manufacturing PMI 54.3 54.4 54.7 54 55.04 52
Manufacturing PMI 51 51.7 51.3 51.2 50.9 53.4
Services PMI 51.2 52.5 52.7 51.9 52.2 52
Industrial Production 6.2 6 5.9 5.8 5.7 5.2
Industrial Production Mom 0.5 0.2 0.54 0.19 0.7 0.3
Manufacturing Production 6.7 6.6 6.5 6.4 6.5 5.5
New Orders 52.9 52.7 53.24 53.54 53.69 53.9
Changes in Inventories 10816 10741 10565 10389 10213 9235
Total Vehicle Sales 2703500 2641154 2598762 2564803 2532775 2273695
Car Production 2224800 2167491 2119319 2076468 2035662 1741582
Car Registrations 2352500 2313079 2240762 2178784 2121535 1732407
Leading Economic Index 0 0 0.2 0.1 0 -0.1
Internet Speed 7583 9558 9994 10781 11056 12380
IP Addresses 98862937 81123840 75608212 70456314 65619385 41882833
Steel Production 71827 72146 72079 71916 71745 70253
Mining Production -1.3 1.3 1.5 0.9 0.8 1.2
Capacity Utilization 76.8 76.27 75.59 75.04 74.72 75.04
Competitiveness Index 5 4.95 4.99 4.96 4.99 4.97
Competitiveness Rank 27 28 28 28 29 29
Composite Pmi 51 51.4 52 51.7 51.12 52.4
Cement Production 21990 21626 21644 21362 21183 19528
Corruption Index 40 40 41 41 41 42
Corruption Rank 79 79 78 78 78 77
Corporate Profits 5584600 4208547 3199144 2492096 2071880 1464332
Ease of Doing Business 78 78 79 79 79 87
Electricity Production 503800 552018 534353 533291 534247 525607