The Caixin China General Composite PMI rose to 48.3 in December 2022 from November's six-month low of 47.0. However, the latest result pointed to the fourth straight month of contraction in private sector activity, amid a spike in COVID cases after Beijing abruptly decided to exit strict pandemic curbs. The services sector contracted at a softer rate, despite falling for the fourth month running; while factory activity dropped the most in three months, shrinking for the fifth month in a row. New orders fell at a slightly quicker rate amid a stronger fall at manufacturers, export sales declined the most since September; while the rate of job shedding eased from November. Turning to prices, input cost rose at the slowest rate since September and only marginally. Prices charged were stable, meanwhile, as discounting at manufacturers was offset by price hikes at services firms. source: Markit Economics
Composite PMI in China averaged 51.14 points from 2013 until 2022, 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 January of 2023.
Composite PMI in China is expected to be 51.50 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 51.00 points in 2024, according to our econometric models.