The official NBS Non-Manufacturing PMI for China was at 52.3 in November 2021, little changed from 52.4 a month earlier. Still, the latest reading pointed to the third straight month of growth in the service sector, amid sporadic COVID-19 outbreaks and easing power rationing. Both new orders (48.9 vs 49.0 in October) and employment (47.3 vs 47.5) continued to fall, with new export orders shrinking for the eighth straight month (47.5 vs 47.5). Prices data showed input cost inflation eased sharply (50.8 vs 57.8) while selling prices rose the least in three months (50.1 vs 52.7). Finally, confidence weakened to a three-month low but remained positive (58.2 vs 58.8). source: National Bureau of Statistics of China
Non Manufacturing PMI in China averaged 55.28 percent from 2007 until 2021, reaching an all time high of 62.20 percent in May of 2007 and a record low of 29.60 percent in February of 2020. This page provides the latest reported value for - China Non Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. China Non Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
Non Manufacturing PMI in China is expected to be 51.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Non Manufacturing PMI is projected to trend around 50.90 percent in 2022 and 51.30 percent in 2023, according to our econometric models.