In March 2026, the RatingDog China Services PMI rose to 52.1, marking the 39th consecutive month of expansion. Growth moderated from February, with solid domestic demand supporting new business, while export orders declined after a prior surge. Employment fell for a second month as firms cut costs. Input pressures remained mild, enabling price cuts. Business confidence stayed positive, with the services sector expected to remain in expansion near term.

2026-04-03

In March 2026, the RatingDog China Services PMI rose to 52.1, marking the 39th consecutive month of expansion. Growth moderated from February, with solid domestic demand supporting new business, while export orders declined after a prior surge. Employment fell for a second month as firms cut costs. Input pressures remained mild, enabling price cuts. Business confidence stayed positive, with the services sector expected to remain in expansion near term.