China Services PMI remains at 52.1, continuing expansion

SighingCashier · 2026-04-04T18:46:14+00:00

China's March Services PMI fell to 52.1, although it declined to a three-month low, marking 39 consecutive months of expansion. The cooling of the consumption boom and easing external demand have impacted employment and new business indices, indicating that the service industry is facing challenges.

SighingCashier

2026-04-04 18:46:14

Abstract generation in progress

April 4, 2026

China Services PMI was 52.1, continuing to expand

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After the Lunar New Year, the consumer spending boom cooled, and with external demand slowing, RatingDog’s China services PMI for March fell to 52.1 from 56.7, the 33-month high set in February, also marking a three-month low—yet it still remained in the expansion zone for the 39th consecutive month. External demand contracted, employment fell Judging from the sub-indexes, although the new business index dropped to its lowest level in 11 months, it still remained in the expansion zone for the 39th consecutive month; new export orders …

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