China: Service Production Index (YoY)

Macro

2026-05-18

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 newly released Q2 2026 Index of Services Production recorded a year-on-year growth rate of 4.3%, slowing from the previous reading of 5.0% in Q1 2026. Despite the moderation in overall growth, modern service sectors such as information and software technology maintained double-digit high-speed growth. Officials characterized this cooling as a normal monthly fluctuation, but the market continues to monitor whether the domestic structural challenge of "strong supply, weak demand" will suppress subsequent recovery momentum.

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AI Data Insight

China's newly released Q2 2026 Index of Services Production recorded a year-on-year growth rate of 4.3%, slowing from the previous reading of 5.0% in Q1 2026. Despite the moderation in overall growth, modern service sectors such as information and software technology maintained double-digit high-speed growth. Officials characterized this cooling as a normal monthly fluctuation, but the market continues to monitor whether the domestic structural challenge of "strong supply, weak demand" will suppress subsequent recovery momentum.

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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