China: Purchasing Managers Index (PMI), services
* indicates monthly or quarterly data series
The most recent value is 51.6 index points as of August 2024, a decline compared to the previous value of 52.1 index points. Historically, the average for China from May 2018 to August 2024 is 51.86 index points. The minimum of 26.5 index points was recorded in February 2020, while the maximum of 58.4 index points was reached in June 2020.
Click on the following link to see the values of: Purchasing Managers Index (PMI), services around the world.
Select indicator
Download data from our database
* indicates monthly or quarterly data series
- Measure: index points
- Source: Markit Economics
| Recent values | China: Purchasing Managers Index (PMI), services |
|---|---|
| 2024 Aug | 51.6 |
| 2024 Jul | 52.1 |
| 2024 Jun | 51.2 |
| 2024 May | 54 |
| 2024 Apr | 52.5 |
| 2024 Mar | 52.7 |
| 2024 Feb | 52.5 |
| 2024 Jan | 52.7 |
Download data from our database
Definition: The services Purchasing Managers Index (PMI) is an indicator of economic health for the services sector. The purpose of the PMI is to provide information about current business conditions to company decision makers, analysts and purchasing managers. Each country PMI survey for the services sector is based on questionnaire responses that cover the following economic variables: business activity, new business, backlogs of work, prices charged, input prices, employment, expectations for activity.
The services PMI is a number from 0 to 100. A PMI above 50 represents an expansion when compared with the previous month. A PMI reading under 50 represents a contraction, and a reading at 50 indicates no change.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Industrial production | 4.50 | 9/2023 | percent |
| Retail sales Y-on-Y | 5.50 | 9/2023 | percent |
| House price index | 136.64 | Q3/2023 | index points |
| Real residential property prices Y-on-Y change | -3.12 | Q3/2023 | percent |
| Business confidence survey | 98.26 | 9/2023 | points |
| Consumer confidence survey | 87.20 | 9/2023 | points |
| Purchasing Managers Index (PMI), composite | 50.90 | 9/2023 | index points |
| Purchasing Managers Index (PMI), manufacturing | 50.60 | 9/2023 | index points |
| Purchasing Managers Index (PMI), services | 50.20 | 9/2023 | index points |