FX.co ★ China's Services Sector Slightly Cools in December: Caixin Services PMI Dips to 52.0

The latest data from the Caixin services Purchasing Managers' Index (PMI) indicates a slight cooling in China's services sector. In December 2025, the index dropped marginally to 52.0 from 52.1 in November, barely holding onto expansion. Released on January 5, 2026, this figure suggests a modest deceleration in the growth rate of China's services industry.

Though the PMI remains above the 50-point mark that separates growth from contraction, the slight dip signals potential headwinds for service sector momentum as the country enters the new year. Analysts will be keenly watching subsequent months for any further signs of weakening, particularly as global economic uncertainties put pressure on demand.

China's services sector has been a critical component of the nation's economic strategy, underscoring the shift from manufacturing to consumption-led growth. The current PMI reading, albeit a minor fluctuation, will be key in shaping future policy decisions aimed at stabilizing and expanding the market's growth. As 2026 unfolds, stakeholders will be closely monitoring indicators such as consumer spending and employment to gauge the robustness of the sector amid a dynamic global landscape.