The Official NBS Manufacturing PMI in China fell to 50.8 in April 2020 from 52.0 in the previous month, below market expectations of 51. There was a slowdown in output (53.7 vs 54.1 in March) and new orders (50.2 vs 52.0), with export orders slumping further (33.5 vs 46.4). The pace of job creation also eased (50.2 vs 50.9), while supplier delivery time lengthened (50.1 vs 48.2). On the price front, deflation deepened for both input prices (42.5 vs 45.5) and output charge (42.2 vs 43.8). Looking ahead, business sentiment eased slightly (54.0 vs 54.4).
Business Confidence in China averaged 51.67 points from 2005 until 2020, reaching an all time high of 59.20 points in April of 2008 and a record low of 35.70 points in February of 2020. This page provides - China Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. China NBS Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: National Bureau of Statistics of China
Business Confidence in China is expected to be 46.20 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 51.00 in 12 months time. In the long-term, the China NBS Manufacturing PMI is projected to trend around 52.00 points in 2021 and 51.00 points in 2022, according to our econometric models.