China services pmi


China services pmi: 52.7 (0.38%)
Last Update: March 31, 2024

China services pmi closed down 52.7 as of March 31, 2024 from 52.5 from the previous month and 57.8 from last year.


China services pmi Analytics & Data




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China services pmi

Date Values
2024-03-31 52.7
2024-02-29 52.5
2024-01-31 52.7
2023-12-31 52.9
2023-11-30 51.5
2023-10-31 50.8
2023-09-30 50.4
2023-08-31 51.8
2023-07-31 54.1
2023-06-30 53.9
2023-05-31 57.1
2023-04-30 56.4
2023-03-31 57.8
2023-02-28 55
2023-01-31 52.9
2022-12-31 48
2022-11-30 46.7
2022-10-31 48.4
2022-09-30 49.3
2022-08-31 55


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China services pmi Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
services pmi cn.servpmi 52.7 52.5 0 -9 Down Down 22 2024-03-31

China services pmi Factors

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What is the China services pmi

China Services PMI (Purchasing Managers' Index) is a key economic indicator that provides valuable insight into the performance and growth of China's service sector. It measures the monthly activity levels of purchasing managers in the services industry, which includes sectors such as finance, tourism, retail, and transport.

To interpret China Services PMI, users should understand that a reading above 50 indicates expansion, while a reading below 50 indicates contraction. A higher PMI suggests increased business activity and economic growth, while a lower PMI indicates a slowdown in the services sector.

On our webpage, we provide users with both current and historical data for China Services PMI. This includes live updates of the most recent PMI readings, as well as an archive of past data. Our charts and analytics present this data in a visually appealing and easy-to-understand format, allowing users to observe trends and patterns over time.

In addition to the raw data, we offer MacroVar signals and analysis that provide further insights into the overall economic landscape in China. These signals help users understand the potential impact of China Services PMI on other economic indicators, such as GDP growth, employment rates, and inflation.

Moreover, we understand the importance of data manipulation and deeper analysis. Hence, users have the option to export the historical data we provide for free, enabling them to perform their own in-depth analysis and create charts or graphs tailored to their specific needs.

With our comprehensive webpage on China Services PMI, users can stay up-to-date with the latest trends and signals in China's service sector, enabling them to make informed business decisions and monitor the overall economic climate in China.

China Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Shanghai Composite SSEC 3040.97 0 -1 -1.62179 47.112 -0.00682 -0.00439 0.00768 -0.015
China ETF FXI 25.48 -1 -1 -1.61998 42.8481 -0.00157 -0.00196 -0.00196 0.21623
Chinese Yuan US Dollar (CNY/USD) CNHUSD 7.3282 0.5 1 1.23409 53.6839 -0.00102 0.00049 0.00308 0.03964
China 5-Year Bond Yield CN.5Y 2.388 -1 -1 -1.56605 23.0044 0.00084 -0.03748 -0.06828 -0.09751
China 2-year bond yield CN.2Y 2.287 0 0.5 0.17981 47.5855 -0.00781 -0.01761 0.02144 0.04764
China Yield Curve CN.YC 0.312 -1 -1 -2.62166 35.4311 -0.05455 -0.25537 -0.27442 -0.52799
China Credit Default Swaps CDS.China 60 -0.5 -0.75 -1.07981 41.7908 0 0.01695 -0.01235 -0.21569
Export-Import Bank of China Credit Default Swaps CDS.Export-Import-Bank-of-China 68 0.5 -0.75 -0.52328 50.7665 0.01493 0.05837 0.03817 -0.14626
China Macroeconomic Indicators

Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
balance of trade cn.balanceoftrade 125.16 75.34 66 25 UP UP 70 2024-01-31
bank lending rate cn.banks.lendingrate 4.35 4.35 0 0 Down Down 51 2023-08-15
banks balance sheet cn.banks.bs 3090 1450 113 -21 UP Down 12 2024-03-31
business confidence cn.bizconfidence 50.8 49.1 3 -3 UP Down 24 2024-02-29
capacity utilization cn.caputilization 73.6 75.9 -3 -5 Down Down 0 2024-03-31
capital flows cn.capitalflows -466.36 -567.61 -18 198 UP Down 92 2024-06-30
car registrations cn.carregistrations 1333000 2115000 -37 -19 Down Down 10 2024-02-29
cash reserve ratio cn.cashreserveratio 11.375 11.5 -1 -9 Down Down 31 2022-04-30
central bank balance sheet cn.cb.assets 445694 456427 -2 7 UP UP 89 2024-02-29
composite pmi cn.comppmi 52.7 52.5 0 -3 UP Down 38 2024-03-31
consumer confidence cn.consconfidence 89.1 88.9 0 -6 UP Down 29 2024-02-29
consumer price index cpi cn.cpi 103.1 104.2 -1 -0 Down Down 32 2024-03-31
core inflation rate cn.coreinflationrate 0.6 1.2 -50 -14 Down Down 68 2024-03-31
current account cn.currentaccount 561.92 607.79 -8 23 Down UP 62 2024-06-30
current account to gdp cn.currentaccountgdp 1.5 2.2 -32 -21 Down Down 0 2023-01-31
deposit interest rate cn.depositrate 0.35 0.35 0 0 Down Down 51 2023-07-31
exports cn.exports 279.68 220.28 27 -8 Down Down 42 2024-03-31
external debt cn.externaldebt 24475 24527.6 -0 232 UP UP 0 2024-01-31
fiscal expenditure cn.fiscalexp 43624 36112 21 31 UP Down 75 2024-01-31
foreign direct investment cn.fdi 300 156.6 92 58 Down UP 100 2024-01-31
foreign exchange reserves cn.fxreserves 3245660 3225820 1 2 UP UP 64 2024-03-31
gdp cn.gdp 17963.2 17734.1 1 195 UP UP 0 2022-12-31
Real GDP cn.realgdp 1191040 859053 39 31 UP UP 45 2023-12-31
gdp growth cn.gdpgrowth 1.6 1 60 300 UP UP 0 2024-03-31
gdp growth annual cn.gdpgrowthan 5.3 5.2 2 -71 UP Down 7 2024-03-31
gold reserves cn.goldres 2264.87 2235.39 1 16 UP UP 60 2024-03-31
government budget cn.govbudget -7.4 -6.1 21 196 Down Down 0 2022-01-31
Government budget cn.govbudgetvalue -354.4 -292.1 21 95 Down Down 80 2024-02-29
government debt to gdp cn.govdebtgdp 77.1 71.8 7 128 UP UP 0 2023-01-31
government revenues cn.govrev 44585 16653 168 0 UP UP 0 2024-01-31
housing index cn.housingindex -2.2 -1.4 57 175 Down Down 100 2024-03-31
imports cn.imports 221.15 180.57 22 -3 Down Down 62 2024-03-31
industrial production cn.indproduction 4.5 7 -36 88 Down UP 88 2024-02-29
industrial production mom cn.indproductionmm 0.56 1.16 -52 -33 UP Down 40 2023-09-30
inflation cpi cn.inflationcpi 0.1 0.7 -86 -86 UP Down 33 2024-03-31
interbank rate cn.interbankrate 2.4 2.19 10 -6 Down Down 38 2023-08-15
interest rate cn.interestrate 3.55 3.55 0 0 Down Down 61 2023-08-11
loan growth cn.loangrowth 9.6 10.1 -5 -19 Down Down 2 2024-03-31
loans to private sector cn.loanprivate 48700 15211 220 213 UP UP 100 2024-05-31
China Manufacturing PMI (Official) cn.manpmi 51.1 50.9 0 4 UP UP 81 2024-01-31
money supply m0 cn.msm0 11721 12101 -3 11 UP UP 76 2024-03-31
money supply m1 cn.msm1 68580.9 66591.6 3 1 UP UP 8 2024-03-31
money supply m2 cn.msm2 304795 299557 2 8 UP UP 18 2024-05-31
non manufacturing pmi cn.nonmanpmi 53 51.4 3 -3 Down Down 29 2024-01-31
Producer Price Index cn.producerprices 107.5 107.6 -0 -3 Down Down 18 2024-03-31
PPI Index cn.producerpricesch -2.8 -2.7 4 12 UP Down 78 2024-03-31
retail sales MoM cn.retailsales 0.03 0.17 -82 -50 UP Down 33 2022-12-31
retail sales cn.retailsalesan 3.1 5.5 -44 -71 Down Down 52 2024-03-31
reverse repo rate cn.reverserepo 2.1 2.1 0 -5 Down Down 27 2022-02-28
services pmi cn.servpmi 52.7 52.5 0 -9 Down Down 22 2024-03-31
total vehicle sales cn.vehiclesales 2690000 1584000 70 25 UP UP 83 2024-04-30
unemployment rate cn.unemploymentrate 5.2 5.3 -2 -2 UP Down 38 2024-03-31
Leading Economic Conference Board Index cn.lei 151.9 152.3 -0 -3 Down Down 26 2024-01-31
Consumer Expectation Conference Board Index cn.leiconsexp 87.5 87.9 -0 -7 Down Down 26 2024-01-31
New Export Conference Board Orders cn.leiexporders 46.8 46.4 1 7 Down UP 88 2024-01-31