The Caixin China General Manufacturing PMI unexpectedly was at a five-month high of 52.0 in May 2021, compared with market consensus and April's figure of 51.9, amid a steady recovery of the Chinese economy from the pandemic. New orders rose the most since December 2020, export order growth was at a six-month high, and output continued to rise. Also, buying activity increased solidly, amid sustained improvement in customer demand. Meantime, employment was broadly unchanged while backlogs of work rose for the third month in a row. On the price front, input cost inflation hit its highest since December 2016 due to higher raw material costs. Meantime, selling prices went up at the steepest rate in over a decade. Looking ahead, sentiment fell to a four-month low. "Rapidly rising commodity prices began to disrupt the economy as some enterprises began to hoard goods, while some others suffered raw material shortages," said Wang Zhe, senior economist at Caixin Insight Group. source: Markit Economics
Manufacturing PMI in China averaged 50.12 points from 2011 until 2021, reaching an all time high of 54.90 points in November of 2020 and a record low of 40.30 points in February of 2020. This page provides the latest reported value for - China Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. China Caixin Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Manufacturing PMI in China is expected to be 53.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in China to stand at 51.50 in 12 months time. In the long-term, the China Caixin Manufacturing PMI is projected to trend around 50.70 points in 2022 and 50.40 points in 2023, according to our econometric models.