China’s services sector lost some steam in October, with the RatingDog Services PMI easing to 50.8 from 51.6 in September 2026, according to data updated on 4 November 2026.
While the latest reading remains above the 50-point threshold that separates expansion from contraction, the decline signals a moderation in growth momentum for the country’s services industry. The October figure suggests activity is still expanding, but at a slower pace than in the previous month.
The softer PMI reading may prompt closer scrutiny from investors and policymakers watching for signs of resilience or fatigue in China’s post-pandemic services recovery, as the sector plays a key role in sustaining broader economic growth.