China: Service Production Index (YoY)

Macro

2026-08-17

Description

China Service Production Index is published by the National Bureau of Statistics (NBS) of China. This indicator is used to measure the annual change in production activity within the service sector, serving as an important metric for assessing the sector's contribution to the overall economy. A positive year-on-year growth rate indicates expansion in the service sector and increased economic activity, while a negative growth rate may suggest a decline in service activities, reflecting weakened economic demand.

Published by
Choice Eastmoney
Frequency
Monthly
Next Update
Hashtags
China Service

AI Data Insight

China's Index of Services Production year-on-year growth rate for Q3 2026 fell to 4.3%, slowing down from the previous quarter's 4.7%, reflecting hidden concerns in terminal consumption and the job market. Although modern service industries such as information technology exhibited double-digit high growth, the weakening of traditional demand continues to suppress overall momentum. Future prospects depend on whether official "expanding domestic demand" policies can take real effect.

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AI Data Insight

China's Index of Services Production year-on-year growth rate for Q3 2026 fell to 4.3%, slowing down from the previous quarter's 4.7%, reflecting hidden concerns in terminal consumption and the job market. Although modern service industries such as information technology exhibited double-digit high growth, the weakening of traditional demand continues to suppress overall momentum. Future prospects depend on whether official "expanding domestic demand" policies can take real effect.

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Description

China Service Production Index is published by the National Bureau of Statistics (NBS) of China. This indicator is used to measure the annual change in production activity within the service sector, serving as an important metric for assessing the sector's contribution to the overall economy. A positive year-on-year growth rate indicates expansion in the service sector and increased economic activity, while a negative growth rate may suggest a decline in service activities, reflecting weakened economic demand.

Published by
Choice Eastmoney
Frequency
Monthly
Next Update
Hashtags
China Service