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.

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China NBS Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
50.80 52.00 59.20 35.70 2005 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-01-31 01:00 AM Jan 50 50.2 50 50
2020-02-29 01:00 AM Feb 35.7 50 46 45
2020-03-31 01:00 AM Mar 52 35.7 45 44.2
2020-04-30 01:00 AM Apr 50.8 52 51 47.6
2020-05-31 01:00 AM May 50.8 51.0 50.5
2020-06-30 01:00 AM Jun 46.2
2020-07-31 01:00 AM Jul
2020-08-31 01:00 AM Aug


News Stream
China Manufacturing Expands Less than Forecast: NBS
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).
2020-04-30
China Manufacturing Returns to Growth: NBS
The Official NBS Manufacturing PMI in China surged to 52.0 in March 2020 from a record low of 35.7 in the previous month, easily beating market expectations of 45. The latest reading pointed to the strongest pace of expansion in the sector since September 2017 as many companies resumed operating following February's restrict lockdown measures. Still, the NBS cautioned that the readings may not signal a stabilisation in economic activity. There were rises in output (54.1 vs 27.8 in February), new orders (52.0 vs 29.3) and employment (50.9 vs 31.8) despite a continued fall in exports. At the same time, raw materials inventories and supplier delivery time lengthened remained in contraction territory. On the price front, input prices fell for the first time in four months (45.5 vs 51.4), while output charge deflation deepened (43.8 vs 44.3). Looking ahead, business sentiment strengthened (54.4 vs 41.8).
2020-03-31
China Manufacturing Shrinks at Record Pace: NBS
The Official NBS Manufacturing PMI in China plunged to a record low of 35.7 in February 2020 from 50.0 in the previous month and well below market expectations of 46.0, as the rapid spread of the coronavirus outbreak disrupted the country's supply chain. There were sharp declines in output (27.8 vs 51.3 in January), new orders (29.3 vs 51.4), raw materials inventories (33.9 vs 47.1), employment (31.8 vs 47.5) and supplier's delivery time (32.1 vs 49.9). On the price front, input price inflation slowed (51.4 vs 53.8), while output charges dropped at a much steeper rate (44.3 vs 49.0). Looking ahead, business sentiment deteriorated sharply (41.8 vs 57.9).
2020-02-29
China Factory Activity Stalls in January: NBS
The Official NBS Manufacturing PMI in China fell to 50.0 in January 2020 from 50.2 in the previous month and matching market estimates. It was the weakest reading since October, hitting the neutral mark that separates growth from contraction, as the survey was conducted before the coronavirus outbreak when the impact was not fully reflected. Output growth slowed to a three-month low (51.3 vs 53.2 in December) and export orders slipped back into contraction territory (48.7 vs 50.3). Additionally, factories continued to shed jobs, although at a softer pace (47.5 vs 47.3). Meantime, new orders rose for the third month in a row and at the fastest pace since April last year (51.4 vs 51.2); and buying levels increased further (51.6 vs 51.3). On the price front, input cost inflation accelerated noticeably (53.8 vs 51.8), while selling prices continued to decline (49 vs 49.2). Finally, sentiment strengthened sharply (57.9 vs 54.4).
2020-01-31

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. .