1月RatingDog中国服务业PMl小幅升至52.3，延续扩张态势。较2025年12月环比回升0.3，服务业景气度在年初有所提升。读数显著高于去年同期51.0与近一年均值水平51.8。
整体来看，1月服务业开局表现稳健。展望2月，受长达九天的春节假期拉动，文旅、餐饮及即时零售等消费型服务业或迎来增长，而生产性服务业则因工厂放假进入季节性休整期，服务业PMI或维持在扩张区间。
中长期视角下，商业信心的小幅下滑提示外部环境不确定性仍是制约因素，未来服务业修复的持续性，仍将取决于内需改善的力度。
1月RatingDog中国服务业PMl小幅升至52.3，延续扩张态势。较2025年12月环比回升0.3，服务业景气度在年初有所提升。读数显著高于去年同期51.0与近一年均值水平51.8。
整体来看，1月服务业开局表现稳健。展望2月，受长达九天的春节假期拉动，文旅、餐饮及即时零售等消费型服务业或迎来增长，而生产性服务业则因工厂放假进入季节性休整期，服务业PMI或维持在扩张区间。
中长期视角下，商业信心的小幅下滑提示外部环境不确定性仍是制约因素，未来服务业修复的持续性，仍将取决于内需改善的力度。
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