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.