--- title: "China Services PMI Slips to Lowest Since Late 2022" type: "News" locale: "en" url: "https://longbridge.com/en/news/274371564.md" description: "China’s official NBS Non-Manufacturing PMI fell to 49.4 in January 2024 from 50.2 the previous month, missing market expectations of 50.3 and marking the lowest reading since December 2022.The decline was due to weak post-holiday demand, cautious consumer spending, and ongoing stress in the property sector." datetime: "2026-01-31T02:00:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274371564.md) - [en](https://longbridge.com/en/news/274371564.md) - [zh-HK](https://longbridge.com/zh-HK/news/274371564.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/274371564.md) | [繁體中文](https://longbridge.com/zh-HK/news/274371564.md) # China Services PMI Slips to Lowest Since Late 2022 China’s official NBS Non-Manufacturing PMI fell to 49.4 in January 2024 from 50.2 the previous month, missing market expectations of 50.3 and marking the lowest reading since December 2022. The decline was due to weak post-holiday demand, cautious consumer spending, and ongoing stress in the property sector. ### Related Stocks - [Shenzhen Index (399001.CN)](https://longbridge.com/en/quote/399001.CN.md) - [CSI 300 (000300.CN)](https://longbridge.com/en/quote/000300.CN.md) - [SSE Index (000001.CN)](https://longbridge.com/en/quote/000001.CN.md) ## Related News & Research - [Guangdong-HKGBA Returns to Profitability in 2025](https://longbridge.com/en/news/281116626.md) - [China's new home prices rise in March; big cities see seasonal pickup, private survey shows](https://longbridge.com/en/news/281299995.md) - [Shanghai's Pre-Owned Home Sales Hit Five-Year High in March](https://longbridge.com/en/news/281599221.md) - [Chinese New House Prices Moderately Rebound in March](https://longbridge.com/en/news/281457179.md) - [China, Canada agree to hold economic, financial dialogue in second half of this year - Xinhua](https://longbridge.com/en/news/281633001.md)