The official NBS Manufacturing PMI for China rose to 49.4 in August 2022 from 49.0 in the previous month, surpassing market forecasts of 49.2. That said, the latest figure was the second straight month of contraction in factory activity, amid a resurgence of COVID-19 cases, new lockdowns in some cities, and power rationing due to the worst heatwaves in decades. Output (49.8 vs 49.8 in July), new orders (49.2 vs 48.5), and export sales (48.1 vs 47.4) all fell while buying activity remained weak (49.2 vs 48.9) and employment stayed in contraction territory (48.9 vs 48.6). Meantime, delivery time lengthened the most in three months (49.5 vs 50.1). Turning to prices, input cost dropped for the second consecutive month and was at a softer pace, amid price stabilization measures from the government (44.3 vs 40.4); while output cost declined for the fourth month running, with the rate of decrease slowing (44.5 vs 40.1). Finally, business sentiment improved slightly (52.3 vs 52.0). source: National Bureau of Statistics of China

Business Confidence in China averaged 51.51 points from 2005 until 2022, 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 September of 2022.

Business Confidence in China is expected to be 49.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China NBS Manufacturing PMI is projected to trend around 52.00 points in 2023 and 51.00 points in 2024, according to our econometric models.

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China NBS Manufacturing PMI



Calendar GMT Actual Previous Consensus TEForecast
2022-07-31 01:30 AM Jul 49.0 50.2 50.4 50.9
2022-08-31 01:30 AM Aug 49.4 49.0 49.2 48.5
2022-09-30 01:30 AM Sep 49.4 49.8


Related Last Previous Unit Reference
Business Confidence 49.40 49.00 points Aug 2022
Non Manufacturing PMI 52.60 53.80 percent Aug 2022
Industrial Production Mom 0.32 0.38 percent Aug 2022
Industrial Production 4.20 3.80 percent Aug 2022
Manufacturing Production 3.10 2.70 percent Aug 2022
New Orders 49.20 48.50 points Aug 2022
Changes in Inventories 10996.00 6718.00 CNY HML Dec 2021
Leading Economic Index 95.03 93.57 points Jun 2022
Mining Production 5.30 8.10 percent Aug 2022
Cement Production 18808.00 19218.10 Ten Thousands of Tonnes Aug 2022
Electricity Production 824800.00 805920.00 Gigawatt-hour Aug 2022
Corporate Profits 4892950.00 4270220.00 CNY Million Jul 2022
Capacity Utilization 75.10 75.80 percent Jun 2022

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. .
Actual Previous Highest Lowest Dates Unit Frequency
49.40 49.00 59.20 35.70 2005 - 2022 points Monthly

News Stream
China Manufacturing Shrinks Again
The official NBS Manufacturing PMI for China rose to 49.4 in August 2022 from 49.0 in the previous month, surpassing market forecasts of 49.2. That said, the latest figure was the second straight month of contraction in factory activity, amid a resurgence of COVID-19 cases, new lockdowns in some cities, and power rationing due to the worst heatwaves in decades. Output (49.8 vs 49.8 in July), new orders (49.2 vs 48.5), and export sales (48.1 vs 47.4) all fell while buying activity remained weak (49.2 vs 48.9) and employment stayed in contraction territory (48.9 vs 48.6). Meantime, delivery time lengthened the most in three months (49.5 vs 50.1). Turning to prices, input cost dropped for the second consecutive month and was at a softer pace, amid price stabilization measures from the government (44.3 vs 40.4); while output cost declined for the fourth month running, with the rate of decrease slowing (44.5 vs 40.1). Finally, business sentiment improved slightly (52.3 vs 52.0).
2022-08-31
China Manufacturing Unexpectedly Shrinks in July
The official NBS Manufacturing PMI for China unexpectedly fell to 49.0 in July 2022 from 50.2 in the previous month and missing market forecasts of 50.4. The decline came amid sporadic lockdowns following a resurgence of COVID-19 cases in several Chinese cities and growing worries over a darkening global economic outlook due to rapid monetary tightening by central banks. Output shrank after rising in June (49.8 vs 52.8 in June), as did with both new orders (48.5 vs 50.4) and buying levels (48.9 vs 51.1). Also, new export orders contracted at a faster rate (47.4 vs 49.5), amid a further fall in employment (48.6 vs 48.7). Meanwhile, delivery time slightly lengthened (50.1 vs 51.3). Turning to prices, input cost fell for the first time in seven months (40.4 vs 52.0), on government’s price stabilization measures; while output charges decreased for the third month running and at a steeper rate (40.1 vs 46.3). Looking ahead, sentiment eased from June's 3-month peak (52.0 vs 55.2).
2022-07-31
China Manufacturing Rebounds
The official NBS Manufacturing PMI for China rose to 50.2 in June of 2022 from 49.6 in the prior month and compared with market estimates of 50.5. This was the first expansion in factory activity since February and the steepest pace in six months, as major economic hubs, including the financial capital Shanghai, emerged from virus lockdowns. Output (52.8 vs 49.7 in May), new orders (50.4 vs 48.2), and buying levels (51.1 vs 48.4) bounced back, all growing for the first time in four months. At the same time, both new export orders (49.5 vs 46.2) and employment (48.7 vs 47.6) shrank at softer paces. Meanwhile, delivery time improved sharply (51.3 vs 44.1). Turning to prices, input cost rose the least in six months (52.0 vs 55.8) while output charges fell for the second month running, with the gauge of the index hitting its lowest since last December (46.3 vs 49.5). Looking ahead, business sentiment strengthened to a 3-month peak (55.2 vs 53.9).
2022-06-30