The Caixin China General Composite PMI increased to 53.1 in March 2021 from 51.7 a month earlier. This was the highest reading since December last year, driven by a sharper rise in services activity, as manufacturing production growth was fractionally slower than that seen in February. New orders rose at a faster rate, supported by a renewed expansion in overall export sales. In addition, employment rose slightly after a mild drop in February. As for prices, input costs and output charges both rose sharply, with the latter increasing the most since November 2016. Lastly, confidence was at an eight-month high. "The economy continued to recover from the epidemic. More attention still needs to be paid to inflation going forward. This has restricted the room for future policy changes and is not conducive to a sustained economic recovery," said Wang Zhe, senior economist at Caixin Insight Group. source: Markit Economics

Composite PMI in China averaged 51.48 points from 2013 until 2021, 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 April of 2021.

Composite PMI in China is expected to be 54.00 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 51.40 in 12 months time. In the long-term, the China Composite PMI is projected to trend around 50.60 points in 2022, according to our econometric models.

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China Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
53.10 51.70 57.50 27.50 2013 - 2021 points Monthly
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News Stream
China Composite PMI Highest in 3 Months: Caixin
The Caixin China General Composite PMI increased to 53.1 in March 2021 from 51.7 a month earlier. This was the highest reading since December last year, driven by a sharper rise in services activity, as manufacturing production growth was fractionally slower than that seen in February. New orders rose at a faster rate, supported by a renewed expansion in overall export sales. In addition, employment rose slightly after a mild drop in February. As for prices, input costs and output charges both rose sharply, with the latter increasing the most since November 2016. Lastly, confidence was at an eight-month high. "The economy continued to recover from the epidemic. More attention still needs to be paid to inflation going forward. This has restricted the room for future policy changes and is not conducive to a sustained economic recovery," said Wang Zhe, senior economist at Caixin Insight Group.
2021-04-06
China Composite PMI Lowest in 10 Months
The Caixin China General Composite PMI fell to 51.7 in February 2021, down from 52.2 in January and signaling the smallest increase in total business activity since May, with output rising at softer rates for both services and manufacturing sectors. New order growth eased to a ten-month low, while employment fell for the first time since last July. As for prices, input costs continued to increase sharply, despite the rate of inflation easing to a three-month low. Prices charged also rose at a slightly softer pace.
2021-03-03
China Composite PMI Drops to 9-Month Low: Caixin
The Caixin China General Composite PMI fell to 52.2 in January 2021 from 55.8 in December. This was the weakest pace of expansion in business activity since the current period of expansion began last May, amid a resurgence in COVID-19 cases in some parts of the country, with both manufacturing and services sectors growing at softer rates. New orders expanded the least in nine months; while employment grew lightly, with job creation at services firms offsetting cuts at manufacturers. Regarding inflation, input prices rose the most in 39 months, while , prices charged rose solidly. "We should be careful about rising inflationary pressure in the coming months. This year, we need to keep an eye on the effectiveness of domestic epidemic prevention, and look at how to add momentum to the economy as uncertainties about overseas demand continue," said Wang Zhe, senior economist at Caixin Insight Group.
2021-02-03
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 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.