China Non-Manufacturing Purchasing Managers Index (PMI)

Country:
China
CNY, Chinese yuan
Sector:
Business
High 54.8 54.1
54.3
Last release Importance Actual Forecast
Previous
54.5
54.8
Next release Actual Forecast
Previous
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China Non-Manufacturing Purchasing Managers Index (PMI) is an alternative indicator of China's service sector PMI, which is calculated by state statistics bodies. The calculation is based on a monthly survey of purchasing managers from 4000 Chinese service sector companies.

The questionnaire includes 10 questions about the following business condition aspects in the past month: production volume, the number of new orders, the number of export orders, the number of unfilled orders, stocks of finished goods in warehouses, prices paid, prices received, the number of employees, supplier deliveries, expectations for production and business activity for the next 6 months.

Respondents are polled to give a relative rather than a quantitative description of these indicators: whether each of them has improved, worsened or has not changed. Auxiliary diffuse indexes are compiled based on data received. Each of these indexes is calculated as percentage of positive answers plus half of neutral ones. Non-Manufacturing PMI is compiled using these subindexes.

PMI is one of the key indicators of the national economy state and particularly of its service sector. Purchasing managers are usually the first to notice changes in business conditions due to specifics of their work, therefore PMI can be considered a leading indicator of the country's service sector.

Readings above 50 point to a general growth of service sector activity, and readings below 50 indicate a decline. The growth of non-manufacturing PMI points to the development of the service sector of Chinese economy. This may affect yuan quotes positively.

Last values:

actual data

forecast

The chart of the entire available history of the "China Non-Manufacturing Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Mar 2019
54.8
54.1
54.3
Feb 2019
54.3
53.8
54.7
Jan 2019
54.7
54.1
53.8
Dec 2018
53.8
54.5
53.4
Nov 2018
53.4
54.3
53.9
Oct 2018
53.9
54.5
54.9
Sep 2018
54.9
54.8
54.2
Aug 2018
54.2
54.8
54
Jul 2018
54
55
55
Jun 2018
55
54.8
54.9
May 2018
54.9
54.8
54.8
Apr 2018
54.8
55.1
54.6
Mar 2018
54.6
54.4
Feb 2018
54.4
55.3
Jan 2018
55.3
55
Dec 2017
55
54.8
Nov 2017
54.8
54.3
Oct 2017
54.3
55.4
Sep 2017
55.4
53.4
Aug 2017
53.4
54.5
Jul 2017
54.5
54.9
Jun 2017
54.9
54.5
May 2017
54.5
54
Apr 2017
54
55.1
Mar 2017
55.1
54.2
Feb 2017
54.2
54.6
Jan 2017
54.6
54.5
Dec 2016
54.5
54.7
Nov 2016
54.7
54
Oct 2016
54
53.7
Sep 2016
53.7
53.5
Aug 2016
53.5
53.9
Jul 2016
53.9
53.7
Jun 2016
53.7
53.1
May 2016
53.1
53.5
Apr 2016
53.5
53.8
Mar 2016
53.8
52.7
Feb 2016
52.7
53.5
Jan 2016
53.5
54.4
Dec 2015
54.4
53.6
Nov 2015
53.6
53.1
Oct 2015
53.1
53.4
Sep 2015
53.4
53.4
Aug 2015
53.4
53.9
Jul 2015
53.9
53.8
Jun 2015
53.8
53.2
May 2015
53.2
53.4
Apr 2015
53.4
53.7
Mar 2015
53.7
53.9
Feb 2015
53.9
53.7

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