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.

Composite Pmi in China averaged 51.27 points from 2013 until 2020, reaching an all time high of 55.70 points in June 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 October of 2020. source: Markit Economics

Composite Pmi in China is expected to be 51.40 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
54.50 55.10 55.70 27.50 2013 - 2020 points Monthly
SA


News Stream
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 Private Sector Grows for 4th Month: Caixin
The Caixin China General Composite PMI rose to 55.1 in August 2020 from 54.5 a month earlier, signaling the second-quickest rate of expansion in overall business activity since December 2010. The manufacturing sector expanded the most since January 2011, while services activity growth remained solid. New order growth eased to a three-month low but remained marked overall, while employment expanded for the first time so far this year. On the price front, input cost continued to rise solidly, which led to the strongest increase in composite output charges for two years. Lastly, the gauge for business expectations maintained a positive trend.
2020-09-03
China Private Sector Growth Slows in July: Caixin
The Caixin China General Composite PMI fell to 54.5 in July 2020 from 55.7 a month earlier. Services activity grew at a softer rate, while the manufacturing sector expanded at the fastest pace in nearly a decade. New orders kept increasing and the backlog of work also rose. Meantime, both overseas demand and employment continued to be troubled for both sectors. Prices data showed that input costs rose solidly, and at the strongest pace since November 2018. Output price inflation accelerated, though remained at a marginal level. Lastly, the gauge for business expectations remained high, suggesting that companies were confident about the economic recovery.
2020-08-05
China Composite PMI Highest Since 2010
The Caixin China General Composite PMI was at 55.7 in June 2020, up from 54.5 in a month earlier. This was the strongest growth in private sector activity since November 2010 amid the relaxation of COVID-19 restrictions. Services activity grew the most in over a decade, while the manufacturing sector expanded at the fastest pace since December last year. New orders rose faster, with the rate of increase the steepest since January 2011. Meantime, new orders continued to grow as overseas demand mainly recovered for the service sector. Employment, at the same time, remained on a downward trend, On the price front, input costs rose slightly, while prices charged increased at a fractional pace. Looking ahead, businesses were optimistic about the economic outlook.
2020-07-03

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.