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.