The official NBS Manufacturing PMI for China stood at 51.0 in August 2020, little-changed from 51.1 in the previous month and compared to market consensus of 51.2, pointing to the sixth straight month of increase in factory activity as the economy continued to recover from the COVID-19 shock. Output (53.5 vs 54.0 in July) and new orders (52.0 vs 51.7) continued to grow, while declines were seen in export sales (49.1 vs 48.4) and employment (49.4 vs 49.3). Also, suppliers' delivery time was stable (at 50.4). On the price front, input cost advanced for the fourth month running (58.3 vs 58.1), while selling prices rose for the third consecutive month (53.2 vs 52.2). Looking ahead, business sentiment strengthened (58.6 vs 57.8).

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 September of 2020. source: National Bureau of Statistics of China

Business Confidence in China is expected to be 51.10 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 51.70 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
51.00 51.10 59.20 35.70 2005 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-05-31 01:00 AM May 50.6 50.8 51.0 50.5
2020-06-30 01:00 AM Jun 50.9 50.6 50.4 50.2
2020-07-31 01:00 AM Jul 51.1 50.9 50.7 51
2020-08-31 01:00 AM Aug 51 51.1 51.2 51.3
2020-09-30 01:00 AM Sep 51 51.4
2020-10-31 01:00 AM Oct
2020-11-30 01:00 AM Nov
2020-12-31 01:00 AM Dec 50.5


News Stream
China Manufacturing Grows for 6th Month: NBS
The official NBS Manufacturing PMI for China stood at 51.0 in August 2020, little-changed from 51.1 in the previous month and compared to market consensus of 51.2, pointing to the sixth straight month of increase in factory activity as the economy continued to recover from the COVID-19 shock. Output (53.5 vs 54.0 in July) and new orders (52.0 vs 51.7) continued to grow, while declines were seen in export sales (49.1 vs 48.4) and employment (49.4 vs 49.3). Also, suppliers' delivery time was stable (at 50.4). On the price front, input cost advanced for the fourth month running (58.3 vs 58.1), while selling prices rose for the third consecutive month (53.2 vs 52.2). Looking ahead, business sentiment strengthened (58.6 vs 57.8).
2020-08-31
China Manufacturing Growth Beats Expectations: NBS
The Official NBS Manufacturing PMI in China unexpectedly rose to 51.1 in July 2020 from 50.9 in the previous month and compared with market estimates of 50.7. This was the fifth straight month of increase in factory activity and the strongest since March, as the economy continues to recover after the government lifted strict COVID-19 lockdowns and ramped up investment. Output grew the most in four months (54.0 vs 53.9 in June), while both new orders (51.7 vs 51.4) and buying levels (52.4 vs 51.8) went up for the fifth month in a row and at a faster pace. Meantime, both export sales (48.4 vs 42.6) and employment shrank at softer rates (49.3 vs 49.1), with the supplier's delivery time was little-changed (50.4 vs 50.5). Prices data showed input cost advanced for the third month running and at a stronger rate (58.1 vs 56.8), while selling prices rose for the second consecutive month (52.2 vs 52.4). Looking ahead, sentiment strengthened (57.8 vs 57.5).
2020-07-31
China Manufacturing Growth Beats Expectations: NBS
The Official NBS Manufacturing PMI in China unexpectedly rose to 50.9 in June 2020 from 50.6 in the previous month and compared with market estimates of 50.4. This was the fourth straight month of increase in factory activity and the strongest since March, as the economy continues to recover after the government lifted strict COVID-19 lockdowns and ramped up investment. Output grew the most in three months (53.9 vs 53.2 in May), while both new orders (51.4 vs 50.9) and buying levels (51.8 vs 50.8) went up for the fourth month in a row and at a faster pace. Meantime, both export sales (42.6 vs 35.3) and employment shrank at softer rates (49.1 vs 49.4), with supplier's delivery time was unchanged (at 50.5). Prices data showed input cost advanced for the second month running and at a faster pace (56.8 vs 51.6), while selling prices rose following a fall in May (52.4 vs 48.7). Looking ahead, sentiment eased but remained solid (57.5 vs 57.9).
2020-06-30
China Manufacturing Expands for 3rd Month: NBS
The Official NBS Manufacturing PMI in China was at 50.6 in May 2020, compared with market expectations of 51.0 and 50.8 in the previous month. This was the third straight month of increase in factory activity, as companies resumed operation after strict public health measures to contain the COVID-19 outbreak. There were rises in output (53.2 vs 53.7 in April), new orders (50.9 vs 50.2), and buying levels (50.8 vs 52.0), with export sales falling at a slower rate (35.3 vs 33.5). Meantime, employment shrank for the first time in three months (49.4 vs 50.2), amid a lengthening of supplier's delivery time (50.5 vs 50.1). Prices data showed input cost advanced for the first time since February (51.6 vs 42.5) while selling prices declined much less (48.7 vs 42.2). Looking ahead, business sentiment improved to a four-month high (57.9 vs 54.0).
2020-05-31

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. .