China: Service Production Index (YoY)

Macro

2026-09-15

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
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China Service

AI Data Insight

The newly released August data for China's Q3 2026 Services Production Index showed year-on-year growth slowing to 4.1%, lower than the previous value of 4.3%, indicating that overall domestic demand recovery momentum remains relatively weak. However, driven by the AI boom and industrial upgrading, the information transmission and software services sector posted strong growth of nearly double digits, becoming the core engine supporting the expansion of the services sector.

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AI Data Insight

The newly released August data for China's Q3 2026 Services Production Index showed year-on-year growth slowing to 4.1%, lower than the previous value of 4.3%, indicating that overall domestic demand recovery momentum remains relatively weak. However, driven by the AI boom and industrial upgrading, the information transmission and software services sector posted strong growth of nearly double digits, becoming the core engine supporting the expansion of the services sector.

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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