The Caixin China General Manufacturing PMI was unchanged at 50.2 in May 2019, slightly above market consensus of 50. Total new work rose at a faster pace, supported by a renewed increase in export sales, while production was broadly stable. As a result, backlogs of work continued to expand, though firms retained a relatively cautious approach to staffing levels. On the price front, inflationary pressures remained subdued, with input costs rising only slightly while output charges were unchanged from the previous month. Looking ahead, sentiment hit its lowest level since the series began in April 2012 amid concerns of an escalating China-US trade war and forecasts of relatively subdued global demand. Manufacturing PMI in China is reported by Markit Economics.

Manufacturing PMI in China is expected to be 49.60 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 49.80 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 49.40 50.10 59.20 38.80 Index Points [+]
Services PMI 52.70 54.50 54.70 50.00 Index Points [+]
Non Manufacturing PMI 54.30 54.30 62.20 50.80 percent [+]
Manufacturing PMI 50.20 50.20 52.30 47.20 [+]
Industrial Production 5.00 5.40 29.40 -21.10 percent [+]
Industrial Production Mom 0.36 0.37 1.32 0.13 percent [+]
Manufacturing Production 5.00 5.30 11.40 5.00 percent [+]
New Orders 49.80 51.40 65.10 32.30 Index Points [+]
Changes in Inventories 15873.10 14186.00 15873.10 3.00 CNY HML [+]
Total Vehicle Sales 1912600.00 1980500.00 3060271.00 88416.00 [+]
Car Production 1491400.00 1660500.00 2669100.00 215533.00 Units [+]
Car Registrations 1561200.00 1574900.00 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 85032.00 80326.00 85032.00 4918.00 Thousand Tonnes [+]
Mining Production 3.90 2.90 7.90 -3.80 percent [+]
Capacity Utilization 75.90 76.00 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 51.50 52.70 53.70 48.00 [+]
Cement Production 22696.00 21345.40 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 1812940.00 1297200.00 7518710.00 1617.00 CNY Million [+]
Ease of Doing Business 46.00 78.00 99.00 46.00 [+]
Electricity Production 544000.00 569800.00 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.20 50.20 52.30 47.20 2011 - 2019 Monthly




Country Last Previous
Australia 52.70 May/19
Brazil 50.20 May/19
Canada 49.10 May/19
China 50.20 May/19
Euro Area 47.70 May/19
France 50.60 May/19
Germany 44.30 May/19
India 52.70 May/19
Indonesia 51.60 May/19
Italy 49.70 May/19
Japan 49.80 May/19
Mexico 50.00 May/19
Netherlands 52.20 May/19
Russia 49.80 May/19
Saudi Arabia 57.30 May/19
Singapore 49.90 May/19
South Africa 45.40 May/19
South Korea 48.40 May/19
Spain 50.10 May/19
Switzerland 48.60 May/19
Turkey 45.30 May/19
United Kingdom 49.40 May/19
United States 50.50 May/19


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