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.