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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

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 NBS Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
51.10 51.90 59.20 35.70 2005 - 2021 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-31 01:00 AM Jan 51.3 51.9 51.6 51.5
2021-02-28 08:00 AM Feb 50.6 51.3 51.1 51
2021-03-31 01:00 AM Mar 51.9 50.6 51 51.1
2021-04-30 01:00 AM Apr 51.1 51.9 51.7 52.1
2021-05-31 01:00 AM May 51.1
2021-06-30 01:00 AM Jun
2021-07-31 01:00 AM Jul
2021-08-31 01:00 AM Aug


News Stream
China Manufacturing Growth Below Estimates: NBS
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).
2021-04-30
China Manufacturing Growth at 3-Month High: NBS
The official NBS Manufacturing PMI for China rose to 51.9 in March 2021 from 50.6 in February, beating market consensus of 51.0. This was the highest reading since December 2020, as factories resumed their production after being closed for the Lunar New Year holiday. Output (53.9 vs 51.9 in February), new orders (53.6 vs 51.5), and buying levels (53.1 vs 51.6) all grew the most in three months, export sales returned to expansion (51.2 vs 48.8) and employment rose for the first time in eleven months (50.1 vs 48.1). As for prices, both input costs (69.4 vs 66.7) and output charges (59.8 vs 58.5) continued to rise at a solid pace. Looking ahead, business sentiment remained upbeat (58.5 vs 59.2).
2021-03-31
China Factory Growth Slows to 9-Month Low: NBS
The official NBS Manufacturing PMI for China fell to 50.6 in February 2021, down from 51.3 a month earlier and below market expectations of 51.1. The latest reading signaled the smallest increase in factory activity since May 2020, due to brief COVID-19-related disruptions early this year. Output expanded the least in a year (51.9 vs 53.5 in January) and new order growth slowed to an eight-month low (51.5 vs 52.3) with new export orders dropping for the first time in six months (48.8 vs 50.2). Meanwhile, employment contracted for a tenth month in a row and at a steeper rate (48.1 vs 48.4). On the price front, both input costs and output charges continued to rise at a solid pace. Looking ahead, business sentiment strengthened in February, from January's six-month low.
2021-02-28
China Manufacturing Growth Slows to 5-Month Low: NBS
The official NBS Manufacturing PMI for China fell to 51.3 in January 2021 from 51.9 a month earlier and missing market expectations of 51.6. This was the weakest growth in factory activity since August, due to a resurgence of local COVID-19 infections ahead of the Lunar New Year holidays, with output rising the least in three months (53.5 vs 54.2 in December). Also, new orders (52.3 vs 53.6), export sales (50.2 vs 51.3), and buying levels (52.0 vs 53.2) all expanded at the softest pace since August. In addition, employment shrank at the steepest rate since February (48.4 vs 31.8). On the price front, input prices remained elevated (67.1 vs 68.0), while output charges continued to rise solidly (57.2 vs 58.9). Looking ahead, sentiment weakened to a six-month low (57.9 vs 59.8).
2021-01-31

China NBS Manufacturing PMI
In China, the NBS Manufacturing Purchasing Manager Index measures the performance of the manufacturing sector and is derived from a survey of more large-scale, state-owned 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. .