China's March non-manufacturing PMI rises to 50.1, returning to expansion territory

NightAirdropper · 2026-04-01T08:02:31+00:00

China's March non-manufacturing PMI was 50.1, higher than expected and the previous month, indicating an improvement in economic activity. The construction sector index was 49.3, and the services sector index was 50.2. Some service industries are performing well, but retail, accommodation, and other sectors have indices below the critical point.

NightAirdropper

2026-04-01 08:02:31

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Gelonghui, March 31 | China’s non-manufacturing PMI for March was 50.1 (vs. expectations of 49.9), up 0.6 percentage points from the previous month. It was above the critical level, indicating an improvement in non-manufacturing business sentiment.

By industry, the business activity index for the construction sector was 49.3%, up 1.1 percentage points from the previous month; the business activity index for the services sector was 50.2%, up 0.5 percentage points from the previous month. In terms of services industries, the business activity indexes for industries such as rail transport, telecom broadcasting and television and satellite transmission services, monetary and financial services, insurance, etc. were all in the relatively strong range of 55.0% or above; meanwhile, the business activity indexes for industries such as retail, accommodation, food and beverage, real estate, etc. were all below the critical level.

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