The Caixin China General Manufacturing PMI fell to 48.3 in January 2019 from 49.7 in December, missing market consensus of 49.5 and pointing to the steepest contraction in the manufacturing sector since February 2016. Output, new orders and employment all fell, while new work from abroad rose slightly amid positive progress in Sino-US trade talks. On the price front, both gauges for input costs and output charges dropped slightly. Finally, sentiment regarding the 12-month business outlook was the highest since May 2018, with some firms anticipating new products and planned company expansions to boost output over the next year. “China is likely to launch more fiscal and monetary measures and speed up their implementation. Yet, the stance of stabilizing leverage and strict regulation hasn’t changed, which means the weakening trend of the economy will continue," said Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group. Manufacturing PMI in China is reported by Markit Economics.

Manufacturing PMI in China is expected to be 51.60 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 50.30 in 12 months time. In the long-term, the China Caixin Manufacturing PMI is projected to trend around 50.40 in 2020, according to our econometric models.

China Caixin Manufacturing PMI
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China Business Last Previous Highest Lowest Unit
Business Confidence 49.50 49.40 59.20 38.80 Index Points [+]
Services PMI 53.60 53.90 54.70 50.00 Index Points [+]
Non Manufacturing PMI 54.70 53.80 62.20 50.80 percent [+]
Manufacturing PMI 48.30 49.70 52.30 47.20 [+]
Industrial Production 5.70 5.40 29.40 -21.10 percent [+]
Industrial Production Mom 0.54 0.37 1.32 0.13 percent [+]
Manufacturing Production 5.50 5.60 11.40 5.50 percent [+]
New Orders 49.60 49.70 65.10 32.30 Index Points [+]
Changes in Inventories 14186.00 11054.00 14186.00 3.00 CNY HML [+]
Total Vehicle Sales 2367300.00 2661500.00 3060271.00 88416.00 [+]
Car Production 2054600.00 2122900.00 2669100.00 215533.00 Units [+]
Car Registrations 2233100.00 2173500.00 2672300.00 213534.00 [+]
Internet Speed 7583.32 6295.74 7583.32 635.70 KBps [+]
IP Addresses 98862937.00 104032031.00 119094184.00 28818357.00 IP [+]
Steel Production 76121.00 77621.00 82552.00 4918.00 Thousand Tonnes [+]
Mining Production 3.60 2.30 7.90 -3.80 percent [+]
Capacity Utilization 76.00 76.50 78.00 72.90 percent [+]
Competitiveness Index 72.61 71.76 72.61 4.55 Points [+]
Competitiveness Rank 28.00 28.00 34.00 26.00 [+]
Composite Pmi 50.90 52.20 53.70 48.00 [+]
Cement Production 18394.00 20521.00 23427.00 781.50 Ten Thousands of Tonnes [+]
Corruption Index 39.00 41.00 41.00 21.60 Points [+]
Corruption Rank 87.00 77.00 100.00 40.00 [+]
Corporate Profits 6635140.00 6116880.00 7518710.00 1617.00 CNY Million [+]
Ease of Doing Business 46.00 78.00 99.00 46.00 [+]
Electricity Production 620000.00 554300.00 640500.00 41760.00 Gigawatt-hour [+]


China Caixin Manufacturing PMI

In China, the Caixin Manufacturing PMI Purchasing Managers' Index measures the performance of the manufacturing sector and is derived from a survey of private 430 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. 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 - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
48.30 49.70 52.30 47.20 2011 - 2019 Monthly




Country Last Previous
Australia 52.50 Jan/19
Brazil 52.70 Jan/19
Canada 53.00 Jan/19
China 48.30 Jan/19
Euro Area 50.50 Jan/19
France 51.20 Jan/19
Germany 49.70 Jan/19
India 53.90 Jan/19
Indonesia 49.90 Jan/19
Italy 47.80 Jan/19
Japan 50.30 Jan/19
Mexico 50.90 Jan/19
Netherlands 55.10 Jan/19
Russia 50.90 Feb/19
Saudi Arabia 56.20 Jan/19
Singapore 50.70 Jan/19
South Africa 49.90 Jan/19
South Korea 48.30 Jan/19
Spain 52.40 Jan/19
Switzerland 54.30 Jan/19
Turkey 44.20 Jan/19
United Kingdom 52.80 Jan/19
United States 54.90 Jan/19


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