The RatingDog China General Services PMI edged up to 51.6 in September 2026 from 51.4 in the previous month, beating market expectations of 51.1. It marked the highest since June, supported by the strongest growth in new orders since that month, driven by successful business development efforts and improving demand conditions. Survey data also pointed to stronger external demand, as growth in new export business accelerated for the first time in three months. Employment increased for a fifth consecutive month as firms hired additional staff to cope with rising workloads. On the price front, input costs rose for the nineteenth straight month, largely due to higher labor, raw material, and energy expenses. Meanwhile, output charges increased at the fastest pace in four and a half years. Lastly, sentiment improved in September and matched the highest level recorded so far in 2026, supported by expectations of stronger market conditions, business expansion plans, and new project launches. source: S&P Global

Services PMI in China increased to 51.60 points in September from 51.40 points in August of 2026. Services PMI in China averaged 52.11 points from 2012 until 2026, reaching an all time high of 58.40 points in June of 2020 and a record low of 26.50 points in February of 2020. 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.

Services PMI in China increased to 51.60 points in September from 51.40 points in August of 2026. Services PMI in China is expected to be 51.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China RatingDog Services PMI is projected to trend around 52.80 points in 2027 and 52.50 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Business Conditions Index 48.30 50.10 points Aug 2026
NBS Manufacturing PMI 50.10 49.80 points Sep 2026
Industrial Capacity Utilization 73.00 73.60 percent Jun 2026
Passanger Car Production 2684000.00 2573000.00 Units Aug 2026
Passenger Car Sales 1541000.00 1461000.00 Units Aug 2026
Cement Production 12908.00 12671.00 Ten Thousands of Tonnes Aug 2026
Changes in Inventories 15366.10 11183.40 CNY Hundred Million Dec 2025
Coal Production 361.82 343.21 Million Tonnes Aug 2026
Composite Leading Indicator 97.41 97.64 points Sep 2026
Industrial Profits (YTD) YoY 5271980.00 4582060.00 CNY Million Aug 2026
Corruption Index 43.00 43.00 Points Dec 2025
Corruption Rank 76.00 76.00 Dec 2025
Electricity Production 943800.00 943900.00 Gigawatt-hour Aug 2026
Industrial Production YoY 5.20 4.50 percent Aug 2026
Industrial Production Mom 0.54 0.11 percent Aug 2026
Leading Economic Index 148.20 148.30 points Aug 2026
Manufacturing Production YoY 6.10 5.50 percent Aug 2026
Mining Production -1.40 -4.20 percent Aug 2026
New Orders 50.50 50.60 points Sep 2026
Steel Production 74600.00 76900.00 Thousand Tonnes Aug 2026
Vehicle Sales YoY 2712000.00 2584000.00 Units Aug 2026


China RatingDog Services PMI
The RatingDog China General Services PMI, compiled by S&P Global, surveys around 650 service-sector companies across areas such as consumer services (excluding retail), transport, finance, insurance, real estate, and business services. Responses, collected monthly since November 2005, measure changes in activity compared with the previous month. A diffusion index is calculated, ranging from 0 to 100, with readings above 50 indicating growth. The headline figure, the Services Business Activity Index, tracks monthly changes in business activity and is comparable to the Manufacturing Output Index, though not directly to the headline manufacturing PMI. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
China Services Sector Hits 3-Month High
The RatingDog China General Services PMI edged up to 51.6 in September 2026 from 51.4 in the previous month, beating market expectations of 51.1. It marked the highest since June, supported by the strongest growth in new orders since that month, driven by successful business development efforts and improving demand conditions. Survey data also pointed to stronger external demand, as growth in new export business accelerated for the first time in three months. Employment increased for a fifth consecutive month as firms hired additional staff to cope with rising workloads. On the price front, input costs rose for the nineteenth straight month, largely due to higher labor, raw material, and energy expenses. Meanwhile, output charges increased at the fastest pace in four and a half years. Lastly, sentiment improved in September and matched the highest level recorded so far in 2026, supported by expectations of stronger market conditions, business expansion plans, and new project launches.
2026-09-30
China Services Growth Beats Estimates
The RatingDog China General Services PMI rose to 51.4 in August 2026 recovering from a 22-month low of 50.4 hit in July, and surpassing market forecasts of 50.6. Still, the latest reading was the second-lowest in 14 months. The increase was mainly supported by domestic demand, while foreign sales rose for the fourth straight month, but at a more modest pace than in July. Employment rose for the fourth consecutive month, marking the longest sequence of growth since 2023. On the price front, input cost inflation accelerated due to higher labor, raw material, oil, and diesel costs. Meanwhile, output prices rose for the third month running, marking the longest sequence of inflation in the sector since the first half of 2024. However, selling price inflation was unchanged from July and remained marginal. Lastly, sentiment strengthened amid hopes of business expansion plans, new projects, and expected market growth.
2026-09-03
China Services Growth Near 2-Year Low
The RatingDog China General Services PMI declined to 50.4 in July 2026 from 54.1 in June, falling below market forecasts of 53.7. It was the slowest expansion in services activity since September 2024 as new business growth moderated for the second straight month, easing to a four-month low amid softer domestic demand. However, new export orders rose for the third consecutive month, supported by stronger overseas demand. Employment rose for the third consecutive month, though at a slower pace than in June. On the price front, input costs increased due to higher labour, raw material, advertising, and diesel costs. However, input cost inflation eased to a six-month low. Meanwhile, output prices continued to rise, marking the first back-to-back increases in the sector in a year and a half, driven by higher operating expenses, oil prices, and insurance premium changes. Finally, business sentiment fell to its lowest level since February 2020.
2026-08-05