The Official NBS Manufacturing PMI in China unexpectedly inched higher to 49.5 in January 2019 from 49.4 in the previous month and beating market expectations of 49.3. Still, the latest reading pointed to the second straight month of contraction in the manufacturing sector, due to declines in new orders (49.6 vs 49.7 in December), new export sales (46.9 vs 46.6), buying activity (49.1 vs 49.8) and employment (47.8 vs 48.0). Meanwhile, output grew at slightly faster pace (50.9 vs 50.8). On the price front, a decrease was seen in both input prices (46.3 vs 44.8) and output charges (44.5 vs 43.3). Business Confidence in China averaged 51.90 Index Points from 2005 until 2019, reaching an all time high of 59.20 Index Points in April of 2008 and a record low of 38.80 Index Points in November of 2008.

Business Confidence in China is expected to be 51.60 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in China to stand at 50.90 in 12 months time. In the long-term, the China NBS Manufacturing PMI is projected to trend around 51.00 Index Points in 2020, according to our econometric models.

China NBS Manufacturing PMI
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-31 01:00 AM NBS Manufacturing PMI 50.2 50.8 50.6 50.6
2018-11-30 01:00 AM NBS Manufacturing PMI 50 50.2 50.2 50.2
2018-12-31 01:00 AM NBS Manufacturing PMI 49.4 50 49.9 50
2019-01-31 01:00 AM NBS Manufacturing PMI 49.5 49.4 49.3 49.8
2019-02-28 01:00 AM NBS Manufacturing PMI 49.5 49.3 50.3
2019-03-31 01:00 AM NBS Manufacturing PMI 51.6
2019-04-30 01:00 AM NBS Manufacturing PMI 50.6


China Business Last Previous Highest Lowest Unit
Business Confidence 49.50 49.40 59.20 38.80 Index Points [+]
Services PMI 53.60 53.90 54.70 50.00 Index Points [+]
Non Manufacturing PMI 54.70 53.80 62.20 50.80 percent [+]
Manufacturing PMI 48.30 49.70 52.30 47.20 [+]
Industrial Production 5.70 5.40 29.40 -21.10 percent [+]
Industrial Production Mom 0.54 0.37 1.32 0.13 percent [+]
Manufacturing Production 5.50 5.60 11.40 5.50 percent [+]
New Orders 49.60 49.70 65.10 32.30 Index Points [+]
Changes in Inventories 14186.00 11054.00 14186.00 3.00 CNY HML [+]
Total Vehicle Sales 2367300.00 2661500.00 3060271.00 88416.00 [+]
Car Production 2054600.00 2122900.00 2669100.00 215533.00 Units [+]
Car Registrations 2233100.00 2173500.00 2672300.00 213534.00 [+]
Internet Speed 7583.32 6295.74 7583.32 635.70 KBps [+]
IP Addresses 98862937.00 104032031.00 119094184.00 28818357.00 IP [+]
Steel Production 76121.00 77621.00 82552.00 4918.00 Thousand Tonnes [+]
Mining Production 3.60 2.30 7.90 -3.80 percent [+]
Capacity Utilization 76.00 76.50 78.00 72.90 percent [+]
Competitiveness Index 72.61 71.76 72.61 4.55 Points [+]
Competitiveness Rank 28.00 28.00 34.00 26.00 [+]
Composite Pmi 50.90 52.20 53.70 48.00 [+]
Cement Production 18394.00 20521.00 23427.00 781.50 Ten Thousands of Tonnes [+]
Corruption Index 39.00 41.00 41.00 21.60 Points [+]
Corruption Rank 87.00 77.00 100.00 40.00 [+]
Corporate Profits 6635140.00 6116880.00 7518710.00 1617.00 CNY Million [+]
Ease of Doing Business 46.00 78.00 99.00 46.00 [+]
Electricity Production 620000.00 554300.00 640500.00 41760.00 Gigawatt-hour [+]


China NBS Manufacturing PMI

In China, the NBS Manufacturing Purchasing Manager Index measures the performance of the manufacturing sector and is derived from a survey of more large-scale, state-owned companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. . This page provides - China Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. China NBS Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
49.50 49.40 59.20 38.80 2005 - 2019 Index Points Monthly




Country Last Previous
Australia 4.00 Jan/19
Brazil 64.70 Jan/19
Canada 54.70 Jan/19
China 49.50 Jan/19
Euro Area 0.69 Jan/19
France 103.00 Jan/19
Germany 99.10 Jan/19
India 116.20 Mar/19
Indonesia 104.71 Dec/18
Italy 102.10 Jan/19
Japan 19.00 Dec/18
Mexico 50.80 Jan/19
Netherlands 5.80 Jan/19
Russia -2.00 Jan/19
Saudi Arabia 3.00 Jun/16
Singapore -14.00 Dec/18
South Africa 31.00 Dec/18
South Korea 67.00 Jan/19
Spain -4.10 Jan/19
Switzerland 95.00 Jan/19
Turkey 93.00 Jan/19
United Kingdom -23.00 Mar/19
United States 56.60 Jan/19


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