China Services PMI  2012-2016 | Data | Chart | Calendar | Forecast | News

The Caixin China Services PMI rose to 53.1 in November of 2016 from 52.4 in October and beating market consensus of 52.7. It was the fastest growth since July 2015, as new orders rose modestly and employment went up at the fastest pace in 1-1/2-years while business expectations eased to a 13-month low. Meantime, unfinished workloads rose for the second month running while price pressures were relatively muted. "Price inflation, rather than a structural improvement, seems to be the main reason behind the recent recovery of the economy in general. The economy may remain stable in the fourth quarter, but it will still face significant downward pressure next year," said Dr. Zhengsheng Zhong, director of Macroeconomic Analysis at CEBM Group. Services PMI in China averaged 52.31 Index Points from 2012 until 2016, reaching an all time high of 54.70 Index Points in May of 2012 and a record low of 50 Index Points in July of 2014. Services PMI in China is reported by Markit Economics.

China Services PMI
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China Business Last Previous Highest Lowest Unit
Business Confidence 51.70 51.20 59.20 38.80 [+]
Manufacturing PMI 50.90 51.20 52.30 47.20 [+]
Non Manufacturing PMI 54.70 54.00 62.20 50.80 percent [+]
Services PMI 53.10 52.40 54.70 50.00 Index Points [+]
Industrial Production 6.10 6.10 29.40 -21.10 percent [+]
Industrial Production Mom 0.50 0.47 1.32 0.19 percent [+]
Manufacturing Production 6.70 6.50 11.40 6.50 percent [+]
New Orders 52.80 50.90 65.10 32.30 Index Points [+]
Changes in Inventories 11109.60 12004.70 12662.30 3.00 CNY HML [+]
Total Vehicle Sales 2649900.00 2564100.00 2785513.00 88416.00 [+]
Car Production 2287100.00 2231600.00 2321023.00 215533.00 Units [+]
Car Registrations 2344100.00 2268300.00 2442100.00 213534.00 [+]
Leading Economic Index 0.20 0.20 3.00 -3.80 percent [+]
Mni Business Sentiment 53.10 52.20 77.20 38.70 [+]
Steel Production 68510.00 68170.00 70650.00 4918.00 Thousand Tonnes [+]
Competitiveness Index 4.95 4.89 4.95 4.55 Points [+]
Competitiveness Rank 28.00 28.00 34.00 26.00 [+]
Cement Production 22783.30 22392.70 23427.00 781.50 Ten Thousands of Tonnes [+]
Ease of Doing Business 78.00 80.00 99.00 78.00 [+]
Electricity Production 487600.00 491280.00 561700.00 41760.00 Gigawatt-hour [+]
Corruption Index 37.00 36.00 40.00 21.60 Points [+]
Corruption Rank 83.00 100.00 100.00 40.00 [+]
Corporate Profits 5256770.00 4638060.00 6471530.00 1617.00 CNY Million [+]



China Services PMI Notes

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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
53.10 52.40 54.70 50.00 2012 - 2016 Index Points Monthly



Last
Australia 51.10 Nov/16
Brazil 44.40 Nov/16
China 53.10 Nov/16
Euro Area 53.80 Nov/16
France 51.60 Nov/16
Germany 55.10 Nov/16
India 46.70 Nov/16
Ireland 56.00 Nov/16
Italy 53.30 Nov/16
Japan 51.80 Nov/16
Nigeria 42.80 Nov/16
Russia 54.70 Nov/16
Spain 55.10 Nov/16
Sri Lanka 59.30 Oct/16
Sweden 59.80 Nov/16
United Kingdom 55.20 Nov/16
United States 54.60 Nov/16
World 52.80 Jan/16