China Non Manufacturing PMI

Last Release

Oct 31, 2024

Actual

50.2

Units In

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	54.6 %	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 rose to 50.2 in September 2024 from 50.0 in the previous month, though it fell short of market expectations of 50.4. New orders (47.2 vs. 44.2 in August) and employment (45.8 vs. 44.7) both declined at a slower pace. Meanwhile, new export orders stabilized at 50.0 after falling for the previous nine months, and delivery times improved (51.2 vs. 50.2). On the pricing front, input costs rose for the first time in three months (50.6 vs. 48.2), while the decline in selling prices eased (48.5 vs. 46.1). Lastly, confidence reached a three-month high, rising to 56.1 from 54.4 in August.