China Services PMI  Forecast


China Services PMI
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Services PMI in China is expected to be 52.70 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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Business Confidence 51.6 50.9 51 51.6 51.4 51
Non Manufacturing PMI 55 55.06 54 55.33 53.5 52
Manufacturing PMI 51.5 51.3 51.2 50.9 51.2 53.4
Services PMI 53.9 52.7 51.9 52.2 52.2 52
Industrial Production 6.1 5.9 5.8 5.7 5.8 5.2
Industrial Production Mom 0.48 0.54 0.19 0.7 0.3 0.3
Manufacturing Production 6.8 6.5 6.4 6.5 6 5.5
New Orders 53.4 53.47 53.63 53.75 53.82 53.92
Changes in Inventories 10816 10762 10755 10748 10741 9235
Total Vehicle Sales 3060300 2978959 2937898 2903562 2870524 2626416
Car Production 2609700 2546159 2494160 2443816 2395318 2068790
Car Registrations 2653300 2571859 2500281 2433900 2370823 1967584
Leading Economic Index 101 101 102 102 104 107
Internet Speed 7583 9994 10781 11056 11465 12380
IP Addresses 98862937 75608212 70456314 65619385 61156442 41882833
Steel Production 66151 66746 66365 66150 65963 64515
Mining Production -1.7 1.5 0.9 0.8 0.5 1.2
Capacity Utilization 76.8 75.59 75.04 74.72 74.64 75.04
Competitiveness Index 5 4.99 4.96 4.99 4.96 4.97
Competitiveness Rank 27 28 28 29 28 29
Composite Pmi 53 52 51.7 51.34 52.3 52.4
Cement Production 22051 21704 21504 21310 21114 19658
Corruption Index 40 41 41 41 41 42
Corruption Rank 79 78 78 78 78 77
Corporate Profits 6875010 4791573 3606725 2835537 2339088 1518444
Ease of Doing Business 78 79 79 79 86 87
Electricity Production 519600 522028 523154 523177 521808 514250