The Caixin China General Manufacturing PMI fell to 53 in December of 2020 from a decade-high of 54.9 in November, pointing to a robust growth in manufacturing activity although below market consensus of 54. Output and new orders rose at a softer pace, with firms taking a more cautious approach to employment as staff numbers were broadly stagnant. Also, buying levels increased the least since August. Stocks of purchased items, meantime, rose slightly while inventories of finished goods were broadly stable. Input prices went up the most since December 2017, while output prices rose to the highest level since June 2018. Looking ahead, sentiment remained solid. "We expect the economic recovery in the post-epidemic era to continue for several months, and macroeconomic indicators will be stronger in the next six months," said Wang Zhe, senior economist at Caixin Insight Group. source: Markit Economics

Manufacturing PMI in China averaged 50.06 points from 2011 until 2020, 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 January of 2021.

Manufacturing PMI in China is expected to be 52.00 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 51.70 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.

Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
China Caixin Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
53.00 54.90 54.90 40.30 2011 - 2020 points Monthly


News Stream
China Factory Growth Slows but Remains Strong: Caixin
The Caixin China General Manufacturing PMI fell to 53 in December of 2020 from a decade-high of 54.9 in November, pointing to a robust growth in manufacturing activity although below market consensus of 54. Output and new orders rose at a softer pace, with firms taking a more cautious approach to employment as staff numbers were broadly stagnant. Also, buying levels increased the least since August. Stocks of purchased items, meantime, rose slightly while inventories of finished goods were broadly stable. Input prices went up the most since December 2017, while output prices rose to the highest level since June 2018. Looking ahead, sentiment remained solid. "We expect the economic recovery in the post-epidemic era to continue for several months, and macroeconomic indicators will be stronger in the next six months," said Wang Zhe, senior economist at Caixin Insight Group.
2021-01-04
China Factory Growth Hits Decade High: Caixin
The Caixin China General Manufacturing PMI rose to 54.9 in November 2020 from 53.6 in October and beating market estimates of 53.5. This was the seventh straight month of growth in factory activity and the strongest since November 2010, as the post epidemic economic recovery continued to pick up speed. Both output and new orders rose at the fastest rate in a decade, employment grew the most since May 2011 and new orders rose further. Also, buying levels increased at the steepest pace since the start of 2011, with stocks of purchases rising the most since February 2010. At the same time, capacity pressures persisted, with the rate of backlog accumulation being the quickest since April. Meanwhile, the active market led to longer delivery times from suppliers. On the price front, the gauges for input and output prices rose further into expansionary territory. Looking ahead, sentiment remained strongly positive, despite easing slightly since October.
2020-12-01
China Manufacturing PMI Rises to Near-Decade High
The Caixin China General Manufacturing PMI rose to 53.6 in October 2020, better than market consensus and September's figure of 53.0. The latest reading pointed to the sixth straight month of growth in factory activity, and the strongest since January 2011, as the post-coronavirus manufacturing recovery continued to pick up speed. Both output and new orders grew by the most in nearly a decade, while new export sales softened notably amid a resurgence of coronavirus cases across a number of export markets. Employment grew for the second month in a row, though firms were cautious about hiring. On the price front, input costs rose at a slower pace, while the rate of charge inflation quickened from September, indicating that enterprises’ profitability improved marginally. Finally, business confidence hit its highest level since August 2014.
2020-11-02
China Manufacturing Growth Remains Robust: Caixin
The Caixin China General Manufacturing PMI was little-changed at 53.0 in September 2020, slightly below market consensus of 53.1, indicating factory activity maintained its recovery momentum in the wake of the COVID-19 epidemic. New orders grew the most since early 2011, with new export business expanding at the fastest rate since August 2017, while purchasing activity advanced at the quickest pace since January 2011. At the same time, employment stabilized ending an eight-month period of job shedding. On the price front, firms reported a further marked increase in input costs but raised their selling prices only slightly. Looking ahead, business sentiment improved to a three-month high. "The economic recovery has picked up its pace after the epidemic. In the near future, great uncertainties remain about the overseas pandemic and the US presidential election," said Wang Zhe, senior economist at Caixin Insight Group.
2020-09-30

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.