China Non Manufacturing PMI

Non Manufacturing PMI in China rose to 53.7 in June of 2016 from 53.1 in May. It was the highest reading since December 2015, mainly driven by a rebound in new orders (50.8 from 49.2 in May) while business activity expectations were higher (58.6 from 57.8). Selling price grew faster than in a month earlier (50.6 from 49.8) while input prices were steady (51.6) and employment contracted further (48.7 from 49.1). Non Manufacturing PMI in China averaged 56.15 percent from 2007 until 2016, reaching an all time high of 62.20 percent in May of 2007 and a record low of 50.80 percent in December of 2008. Non Manufacturing PMI in China is reported by the National Bureau of Statistics, 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. This page provides the latest reported value for – China Non Manufacturing PMI – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.