The Official NBS Manufacturing PMI in China was unchanged at 50.2 in December 2019, slightly above market expectations of 50.1. The latest reading pointed to the second straight month of expansion in factory activity, supported by government stimulus measures and optimism surrounding a trade war truce with the US. Output growth accelerated (53.2 vs 52.6) and new orders continued to rise (51.2 vs 51.3) boosted by a rebound in exports (50.3 vs 48.8). Meanwhile, employment fell further (47.3, the same as in November). On the price front, input prices increased (51.8 vs 49.0), while selling prices decreased for the eighth straight month but at a softer rate (49.2 vs 47.3). Looking ahead, sentiment softened slightly from November's seven-month high (54.4 vs 54.9).
Business Confidence in China averaged 51.78 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. This page provides - China Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: National Bureau of Statistics of China
Business Confidence in China is expected to be 50.30 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 51.10 in 12 months time. In the long-term, the China NBS Manufacturing PMI is projected to trend around 51.00 points in 2020, according to our econometric models.