The Caixin China General Manufacturing PMI rose to 50.8 in March 2019 from 49.9 in the previous month, beating market expectations of 50.1. The latest reading pointed to the first increase in manufacturing activity in four months and the strongest since July 2018, as new order growth accelerated to a four-month high, boosted by a rebound in new export orders, and employment increased for the first time since October 2013, with some firms mentioning they were hiring additional workers to support greater production and new business developments. Meanwhile, purchasing activity continued to fall, though the rate of reduction was only slight. Also, inventories of finished goods fell at slower pace. On the price front, average input cost rose slightly, though companies generally passed this on to clients in the form of higher selling prices. Looking ahead, sentiment improved to a ten-month high, amid hopes of further improvements in market conditions. 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 50.50 49.20 59.20 38.80 Index Points [+]
Services PMI 54.40 51.10 54.70 50.00 Index Points [+]
Non Manufacturing PMI 54.80 54.30 62.20 50.80 percent [+]
Manufacturing PMI 50.80 49.90 52.30 47.20 [+]
Industrial Production 8.50 5.30 29.40 -21.10 percent [+]
Industrial Production Mom 1.00 0.46 1.32 0.13 percent [+]
Manufacturing Production 9.00 5.60 11.40 5.50 percent [+]
New Orders 51.60 50.60 65.10 32.30 Index Points [+]
Changes in Inventories 14186.00 11054.00 14186.00 3.00 CNY HML [+]
Total Vehicle Sales 2520000.00 1481602.00 3060271.00 88416.00 [+]
Car Production 2089800.00 1140300.00 2669100.00 215533.00 Units [+]
Car Registrations 2019400.00 1219500.00 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 70988.00 75013.00 82552.00 4918.00 Thousand Tonnes [+]
Mining Production 4.60 0.30 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 52.90 50.70 53.70 48.00 [+]
Cement Production 17971.10 18394.00 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 708010.00 6635140.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.80 49.90 52.30 47.20 2011 - 2019 Monthly




Country Last Previous
Australia 51.00 Mar/19
Brazil 52.80 Mar/19
Canada 50.50 Mar/19
China 50.80 Mar/19
Euro Area 47.80 Apr/19
France 49.60 Apr/19
Germany 44.50 Apr/19
India 52.60 Mar/19
Indonesia 51.20 Mar/19
Italy 47.40 Mar/19
Japan 49.50 Apr/19
Mexico 49.80 Mar/19
Netherlands 52.50 Mar/19
Russia 52.80 Mar/19
Saudi Arabia 56.80 Mar/19
Singapore 50.80 Mar/19
South Africa 45.00 Mar/19
South Korea 48.80 Mar/19
Spain 50.90 Mar/19
Switzerland 50.30 Mar/19
Turkey 47.20 Mar/19
United Kingdom 55.10 Mar/19
United States 52.40 Apr/19


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