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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ChinaChina S&P Global Services PMI climbed to 51.6 Points in September 2026
FMPMonthlyReleased September 2026
China S&P Global Services PMI climbed to 51.6 Points in September 2026, up 0.2 Points from August's 51.4 Points reading. The reading matched the 51.1 Points consensus.
Latest Release
51.600000
Actual
51.100000
Consensus
51.400000
Previous
Median Absolute Error
±2.45
across last 5 releases
Last Call
Sep 2026
Predicted: 50.48
Actual: 51.6
Error: -1.13
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.50 | COMMODITIES | Moves against | → View |
| USD/JPY | ▼ Inverse | −0.36 | FOREX | Moves against | → View |
| USD/CNH | ▲ Direct | +0.35 | FOREX | Moves with | → View |
| BTC/USD | ▼ Inverse | −0.34 | CRYPTO | Moves against | → View |
| AUD/USD | ▼ Inverse | −0.27 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Services PMI (China) was reported at 51.60 Points in September 2026. This beat the market consensus of 51.10 Points by 0.50 Points. The reading rose from the previous value of 51.40 Points. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with USD/JPY, negatively correlated (Bearish USD).
WHAT TO WATCH NEXT
The next release is scheduled for November 4, 2026. Same-country events in the next 14 days include NBS Non Manufacturing PMI (Oct 31) and NBS Manufacturing PMI (Oct 31).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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S&P Global Services PMI - CN
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About S&P Global Services PMI — China
DEFINITION
The S&P Global Services PMI is a widely recognized financial indicator that measures the performance of the global services sector. It provides valuable insights into the health and growth of the services industry, which accounts for a significant portion of the global economy. This indicator is based on a monthly survey of purchasing managers in key service sectors, providing timely and reliable data on business activity, new orders, employment, and prices. The S&P Global Services PMI is a crucial tool for investors, businesses, and policymakers in making informed decisions and assessing the overall economic outlook.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual 51.6 Points, consensus 51.1 Points. Prior reading (Aug 2026): 51.4 Points. Before that (Jul 2026): 50.4 Points.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.50) — a useful reference for commodities-focused traders.
Σ
EXPECTED ZONE
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