The Caixin China General Composite PMI dropped to 50.6 in June 2021 from 53.8 a month earlier. This was the lowest reading since April 2020, due to concerns over the epidemic situation in the export hub of Guangdong that led to a reintroduction of travel restrictions, with activity in both the manufacturing and service sectors growing at softer paces. New orders softened to a 14-month low, while employment meanwhile fell fractionally. Inflationary pressures meanwhile eased. Input cost inflation softened to an eight-month low, while prices charged went up slightly. "The manufacturing has returned to normal in the wake of the epidemic, while the services industry is still sensitive to regional resurgences," said Wang Zhe, senior economist at Caixin Insight Group. "In addition, the low base effect from last year will continue to weaken in the second half of this year. Inflationary pressure, intertwined with the economic slowdown, will still be a serious challenge.” source: Markit Economics
Composite PMI in China averaged 51.53 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 August of 2021.
Composite PMI in China is expected to be 53.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in China to stand at 51.00 in 12 months time. In the long-term, the China Composite PMI is projected to trend around 50.60 points in 2022, according to our econometric models.