China: Service Production Index (YoY)

Macro

2026-07-15

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

AI Data Insight

According to the latest provided data, the YoY growth rate of China's Index of Services Production for May 2026 (Q2) rose to 4.7%, showing a continuous recovery from 4.4% in the previous month. Although external searches indicate that the official May figure released was 4.4% (4.7% actually matches the official June data), the overall trend indicates that the service sector is expanding steadily. Modern services such as information technology and business services are the main drivers, though the potential challenge of "strong supply, weak demand" in domestic demand still needs to be overcome in the future.

AI Data Insight

According to the latest provided data, the YoY growth rate of China's Index of Services Production for May 2026 (Q2) rose to 4.7%, showing a continuous recovery from 4.4% in the previous month. Although external searches indicate that the official May figure released was 4.4% (4.7% actually matches the official June data), the overall trend indicates that the service sector is expanding steadily. Modern services such as information technology and business services are the main drivers, though the potential challenge of "strong supply, weak demand" in domestic demand still needs to be overcome in the future.

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