The official NBS Manufacturing PMI for China stood at 51.4 in October 2020, little-changed from a six-month high of 51.5 in the previous month and compared with market expectations of 51.3. The latest reading pointed to the eighth straight month of growth in factory activity, amid ongoing recovery in the economy from the COVID-19 shock. There were rises in output (53.9 vs 54.0 in September), new orders (52.8 , the same as in September), and export sales (51.0 vs 50.8). Meanwhile, employment fell at a steeper pace (49.3 vs 49.6), while suppliers' delivery time was almost stable (50.6 vs 50.7). On the price front, input costs went up at a faster pace (58.8 vs 58.5), as well as output charges (53.2 vs 52.5). Looking ahead, business sentiment strengthened in October (59.3 vs 58.7). source: National Bureau of Statistics of China
Business Confidence in China averaged 51.65 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 November of 2020.
Business Confidence in China is expected to be 50.50 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 2021 and 51.00 points in 2022, according to our econometric models.