The official NBS Manufacturing PMI for China fell to 51.1 in April 2021 from 51.9 a month earlier and missing market expectations of 51.7. Output (52.2 vs 53.9 in March), new orders (52.0 vs 53.6), and export sales (50.4 vs 51.2) all grew at softer rates, as economic activity eased in the first month of the second quarter. Also, buying levels increased less (51.7 vs 53.1), while employment fell again (49.6 vs 50.1). As for prices, both input costs (66.9 vs 69.4) and output charges (57.3 vs 59.8) continued to rise at a solid pace. Looking ahead, business sentiment weakened to a three-month low (58.3 vs 58.5). source: National Bureau of Statistics of China
Business Confidence in China averaged 51.65 points from 2005 until 2021, reaching an all time high of 59.20 points in April of 2008 and a record low of 35.70 points in February of 2020. This page provides - China Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. China NBS Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Business Confidence in China is expected to be 51.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in China to stand at 51.80 in 12 months time. In the long-term, the China NBS Manufacturing PMI is projected to trend around 52.00 points in 2022 and 51.00 points in 2023, according to our econometric models.