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.