China Non Manufacturing PMI

Last Release

Mar 31, 2025

Actual

50.8

Units In

50.4

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	54.51 %	2007-2025	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 50.8 in March 2025, up from 50.4 in February, marking the highest reading in three months and exceeding market expectations of 50.5. The new orders index climbed to 46.6%, up 0.5 percentage points from the previous month, signaling a rebound in demand within the non-manufacturing sector. The input price index edged up to 48.6%, rising 0.2 points, indicating a slower decline in operating costs for non-manufacturing firms. Meanwhile, the sales price index fell to 46.7%, down 1.1 points, suggesting that overall sales prices continued to decline. The employment index declined to 45.8%, dropping 0.7 points, reflecting weaker hiring sentiment in the sector. Lastly, the business activity expectations index rose to 57.2%, up 0.6 points, highlighting improving confidence among non-manufacturing enterprises regarding market conditions.