The Caixin China General Composite PMI inched higher to 51.5 in October 2021 from 51.4 a month earlier, as sporadic COVID-19 outbreaks and related disruptions were under control. The latest reading signaled the second straight month of growth in the private sector, with services activity expanding at a faster rate while manufacturing production fell for the third month in a row. New orders rose for the second straight month, and at a solid pace that was the fastest since May; while, employment grew slightly for the first time in three months. Meantime, shortages of raw materials, soaring commodity prices, and electricity supply problems created strong constraints for manufacturers. On the cost side, input prices went up the most in five months. "Policymakers should not only take effective measures to stabilize commodity supplies and prices but also pay close attention to downstream firms, especially small and midsize ones," said Wang Zhe, senior economist at Caixin Insight Group. source: Markit Economics
Composite PMI in China averaged 51.50 points from 2013 until 2021, reaching an all time high of 57.50 points in November of 2020 and a record low of 27.50 points in February of 2020. This page provides - China Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. China Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.
Composite PMI in China is expected to be 51.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Composite PMI is projected to trend around 50.60 points in 2022, according to our econometric models.