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China's Non-manufacturing PMI at 49.5 in February

2026/3/19

The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 49.5 in February, up 0.1 percentage points from the previous month, official data showed.

This reflected improved business sentiment in the non-manufacturing sector, according to the National Bureau of Statistics (NBS). A reading above 50 indicates expansion, while a reading below 50 reflects contraction.

The sub-index for business activity in the service sector stood at 49.7 in February, edging up 0.2 percentage points from January, signaling a modest recovery in sector vitality.

Boosted by the Spring Festival holiday, industries including accommodation, catering, culture, sports and entertainment all recorded readings above 60, indicating strong growth in business activity. In contrast, sectors such as capital market services and real estate remained sluggish with low index readings.

The business expectation index for the service sector remained relatively high at 55.8, indicating service sector enterprises maintained an optimistic outlook for near-term market developments. (Xinhua)


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