China Services PMI  2012-2017 | Data | Chart | Calendar | Forecast | News

The Caixin China Services PMI fell to 52.2 in March of 2017 from 52.6 in February and missing market consensus of 53.2. It was the lowest reading since September 2016, due to a slowdown in new business and employment while cost pressures intensified. In March, new business rose the least in six months while employment went up at the slowest pace so far this year. Meantime, input prices soared to their highest in more than four years, although companies were able to pass on part of the costs to customers. "Weaker increases in new business have clouded the economic outlook, and investors should watch closely for signs of a turning point in the second quarter,” said Dr. Zhengsheng Zhong, Director of Macroeconomic Analysis at CEBM Group. Services PMI in China averaged 52.34 Index Points from 2012 until 2017, 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 51.20 51.80 59.20 38.80 [+]
Non Manufacturing PMI 54.00 55.10 62.20 50.80 percent [+]
Manufacturing PMI 51.20 51.70 52.30 47.20 [+]
Services PMI 52.20 52.60 54.70 50.00 Index Points [+]
Industrial Production 7.60 6.60 29.40 -21.10 percent [+]
Industrial Production Mom 0.83 0.60 1.32 0.13 percent [+]
Manufacturing Production 8.00 6.90 11.40 6.30 percent [+]
New Orders 53.30 53.00 65.10 32.30 Index Points [+]
Changes in Inventories 11109.60 12004.70 12662.30 3.00 CNY HML [+]
Total Vehicle Sales 2500000.00 1939248.00 3057340.00 88416.00 [+]
Car Production 2188000.00 1847500.00 2644000.00 215533.00 Units [+]
Car Registrations 2096300.00 1632700.00 2672300.00 213534.00 [+]
Leading Economic Index 0.10 0.40 3.00 -3.80 percent [+]
Mining Production -0.80 -3.60 7.90 -3.60 percent [+]
Mni Business Sentiment 55.90 53.10 77.20 38.70 [+]
Steel Production 71995.00 61187.00 71995.00 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 [+]
Composite Pmi 52.10 52.60 53.50 48.00 [+]
Cement Production 20162.40 19979.00 23427.00 781.50 Ten Thousands of Tonnes [+]
Corporate Profits 1704300.00 1015680.00 6880320.00 1617.00 CNY Million [+]
Ease of Doing Business 78.00 80.00 99.00 78.00 [+]
Electricity Production 532900.00 503410.00 561700.00 41760.00 Gigawatt-hour [+]
Corruption Index 40.00 37.00 40.00 21.60 Points [+]
Corruption Rank 79.00 83.00 100.00 40.00 [+]


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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
52.20 52.60 54.70 50.00 2012 - 2017 Index Points Monthly



Last
Australia 51.70 Mar/17
Brazil 47.70 Mar/17
China 52.20 Mar/17
Euro Area 56.20 Apr/17
France 57.70 Apr/17
Germany 54.70 Apr/17
India 51.50 Mar/17
Ireland 59.10 Mar/17
Italy 52.90 Mar/17
Japan 52.90 Mar/17
New Zealand 59.00 Mar/17
Nigeria 47.10 Mar/17
Russia 56.60 Mar/17
Spain 57.40 Mar/17
Sri Lanka 60.80 Mar/17
Sweden 61.30 Mar/17
United Kingdom 55.00 Mar/17
United States 52.50 Apr/17
World 52.80 Jan/16