The official NBS Non-Manufacturing PMI for China increased to 47.8 in May of 2022 from April's 26-month low of 41.9, pointing to the third consecutive month of decline, as downward pressure from lockdown COVID-19 measures eased following various policies and measures by the Chinese government to stabilize conditions. New orders contracted at a softer rate (44.1 vs 37.4 in April), while both new export orders (42.8 vs 42.7) and employment (45.3 vs 45.4) continued to decline, despite the rate of their drops being little changed. At the same time, delivery time improved (45.3 vs 42.8). On prices, input cost rose for the fifth, despite the rate of increase moderating from April (52.5 vs 53.7); while output prices declined at a softer pace (49.4 vs 48.9). Finally, confidence improved (55.6 vs 53.6). source: National Bureau of Statistics of China
Non Manufacturing PMI in China averaged 55.07 percent from 2007 until 2022, 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 June of 2022.
Non Manufacturing PMI in China is expected to be 51.90 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 51.30 percent in 2023, according to our econometric models.