China: Service Production Index (YoY)

Macro

2026-10-19

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 Services Production Index grew by 4.8% YoY in September 2026, significantly accelerating by 0.7 percentage points compared to August. Benefiting from the rapid growth of information transmission, software, and leasing and business services, emerging services demonstrated strong resilience, becoming the key momentum to offset sluggish domestic demand and support the overall economy in "seeking progress while maintaining stability."

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AI Data Insight

China's Services Production Index grew by 4.8% YoY in September 2026, significantly accelerating by 0.7 percentage points compared to August. Benefiting from the rapid growth of information transmission, software, and leasing and business services, emerging services demonstrated strong resilience, becoming the key momentum to offset sluggish domestic demand and support the overall economy in "seeking progress while maintaining stability."

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Macro
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