The Caixin China General Composite PMI fell to 55.8 in December 2020 from a more than ten-year high of 57.5 in November, but nonetheless signaled a further marked increase in total Chinese output. Sector data showed that softer, but still sharp, increases in output were recorded across both the manufacturing and service sectors. New orders rose the least in four months; while employment expanded marginally, with job creation at services companies helping to offset stagnant manufacturing staff numbers. Prices data pointed input cost inflation hit its highest in three years, while output charges increased solidly and at the steepest rate since November 2016. Finally, entrepreneurs were confident about further improvement to the economy in the upcoming year. "We need to pay attention to the mounting pressure on costs brought by the increase in raw material prices and its adverse impact on employment," said Wang Zhe, senior economist at Caixin Insight Group. source: Markit Economics

Composite Pmi in China averaged 51.27 points from 2013 until 2020, reaching an all time high of 57.50 points in November of 2020 and a record low of 27.50 points in February of 2020. This page provides - China Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. China Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.

Composite PMI in China is expected to be 56.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in China to stand at 53.00 in 12 months time. In the long-term, the China Composite PMI is projected to trend around 51.60 points in 2021 and 50.60 points in 2022, according to our econometric models.

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China Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
55.80 57.50 57.50 27.50 2013 - 2020 points Monthly
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News Stream
China Private Sector Growth Remains Robust: Caixin
The Caixin China General Composite PMI fell to 55.8 in December 2020 from a more than ten-year high of 57.5 in November, but nonetheless signaled a further marked increase in total Chinese output. Sector data showed that softer, but still sharp, increases in output were recorded across both the manufacturing and service sectors. New orders rose the least in four months; while employment expanded marginally, with job creation at services companies helping to offset stagnant manufacturing staff numbers. Prices data pointed input cost inflation hit its highest in three years, while output charges increased solidly and at the steepest rate since November 2016. Finally, entrepreneurs were confident about further improvement to the economy in the upcoming year. "We need to pay attention to the mounting pressure on costs brought by the increase in raw material prices and its adverse impact on employment," said Wang Zhe, senior economist at Caixin Insight Group.
2021-01-06
China Private Sector Growth Accelerates Sharply: Caixin
The Caixin China General Composite PMI rose to 57.5 in November 2020 from 55.7 in the prior month, signaling the steepest increase in total Chinese output since March 2010. The higher headline index reading was supported by the steepest rise in manufacturing output for a decade, while service sector activity expanded at the second-quickest rate since April 2010. New order growth accelerated, with the upturn the most marked since April 2010. Employment subsequently rose at a solid pace that was the quickest since May 2010. As for prices, total input cost inflation picked up to a 34-month high, which led to a stronger rise in prices charged by Chinese companies. Finally, business confidence remained elevated.
2020-12-03
China Composite PMI Highest in 4 Months
The Caixin China General Composite PMI went up to 55.7 in October 2020 from 54.5 in September, signaling a sharp and accelerated rise in overall business activity across the country's private sector. Notably, the rate of growth was the joint-quickest for nearly a decade, on a par with June 2020, supported by stronger increases in both manufacturing production and services activity. Total new business rose the most since November 2010 and employment increased at a modest pace. On the price front, average input prices increased at the fastest rate for two years. However, composite output charges rose only slightly.
2020-11-04
China Private Sector Growth Remains Robust: Caixin
The Caixin China General Composite PMI fell to 54.5 in September 2020 from 55.1 in August. The latest reading extended the current period of rising business activity to five months, with a softer rise in manufacturing production more than offset a faster expansion of services activity. The gauges for new orders, purchases, and inventories all remained strong. Meantime, employment continued to improve, with its index staying in expansionary territory for the second straight month. On the price front, input cost inflation eased to a three-month low, while prices charged rose slightly. Finally, sentiment remained positive. "In the near term, there will still be uncertainties from COVID-19 overseas and the US election, and the development of “dual circulation” in the domestic and international markets will continue to face challenges," said Wang Zhe, senior economist at Caixin Group.
2020-10-09

China Composite PMI
In China, the Caixin China Composite Output Index tracks business trends across private sector activity, based on data collected from a representative panel of around 400 companies. The index tracks variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining.