China Non Manufacturing PMI

Last Release

Nov 30, 2024

Actual

Units In

50.2

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
62.2 May 2007	29.6 Feb 2020	54.58 %	2007-2024	National Bureau of Statistics of China

In China, the Non-Manufacturing purchasing managers index survey is based on data collected from a representative panel of 1200 enterprises from the non-manufacturing sector. The survey includes ten questions on business activity, new orders, new export orders, in hand orders index, stock, intermediate input price, subscription price, employment, supplier delivery time, and business activities expectation. For each question, the diffusion index is calculated. As there’s no integrated PMI, the business activity index is usually used to reflect the overall changes in non-manufacturing sector. A PMI reading above 50 percent indicates expansion from the previous month, while below 50 indicates contraction.

Latest Updates

China's official NBS Non-Manufacturing PMI stood at 50.0 in November 2024, below market expectations of 50.2 which was also October's figure. Both new orders (45.9 vs 47.2) and employment (45.4 and 45.8) declined at a steeper pace. Meanwhile, new export orders contracted following a stabilization in October (48.2 vs 50.0). At the same time, delivery times remained unchanged (at 51.2). Regarding inflation, input prices decreased after increasing previously (49.1 vs 50.6). Meantime, a decline in selling prices extended though the pace of drop slightly softened (48.8 vs. 48.5). Lastly, confidence notched a five-month high (57.0 vs 56.1).