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.
Composite Pmi in China averaged 51.08 points from 2013 until 2020, reaching an all time high of 54.50 points in May 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 July of 2020. source: Markit Economics
Composite Pmi in China is expected to be 50.00 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 50.00 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.