The official NBS Manufacturing PMI for China fell to 51.3 in January 2021 from 51.9 a month earlier and missing market expectations of 51.6. This was the weakest growth in factory activity since August, due to a resurgence of local COVID-19 infections ahead of the Lunar New Year holidays, with output rising the least in three months (53.5 vs 54.2 in December). Also, new orders (52.3 vs 53.6), export sales (50.2 vs 51.3), and buying levels (52.0 vs 53.2) all expanded at the softest pace since August. In addition, employment shrank at the steepest rate since February (48.4 vs 31.8). On the price front, input prices remained elevated (67.1 vs 68.0), while output charges continued to rise solidly (57.2 vs 58.9). Looking ahead, sentiment weakened to a six-month low (57.9 vs 59.8). source: National Bureau of Statistics of China
Business Confidence in China averaged 51.65 points from 2005 until 2021, 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 February of 2021.
Business Confidence in China is expected to be 51.00 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 52.00 in 12 months time. In the long-term, the China NBS Manufacturing PMI is projected to trend around 52.00 points in 2022 and 51.00 points in 2023, according to our econometric models.