03.04.202601:45:00UTC+00China’s Services Momentum Cools as March PMI Slides to 52.1

China’s services sector expanded at a slower pace in March, as the RatingDog Services PMI eased to 52.1, down from 56.7 in February 2026. The latest reading, released on 3 April 2026, still signals growth in activity but points to a notable loss of momentum in the country’s key services industries.

The moderation from February’s stronger level suggests that while demand in areas such as consumer services, finance, and business support remains resilient, the pace of expansion is becoming more measured. With the index staying above the 50-point threshold that separates expansion from contraction, the March figure indicates continued growth, albeit at a reduced rate compared with the previous month.

Analysts and market participants will be watching upcoming data closely to see whether March marks the beginning of a broader cooling trend in China’s services sector or a temporary pause following February’s robust performance, as policymakers weigh the strength and sustainability of the recovery.