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.

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China Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
50.60 53.80 57.50 27.50 2013 - 2021 points Monthly
SA


News Stream
China Composite PMI Lowest Since April 2020: Caixin
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.”
2021-07-05
China Private Sector Growth Remains Robust: Caixin
The Caixin China General Composite PMI dropped to 53.8 in May 2021 from a four-month high of 54.7 in April 2021. Still, the latest reading remained above the long-run trend, with both factory activity and the services sector continuing to expand. New orders rose solidly, with the rate of increase little-changed from the previous month. Meantime, employment grew for the third month running, albeit modestly. Prices data, meanwhile, pointed to the quickest rise in composite input costs since December 2016, which led to the steepest rise in output charges since February 2011. Finally, sentiment stayed upbeat. "Inflationary pressure would limit the room for monetary policy maneuvering, which could hinder the economic recovery. Some enterprises began to hoard goods in response to rising raw material prices, while others suffered raw material shortages," said. Wang Zhe, senior economist at Caixin Insight Group.
2021-06-03
China Composite PMI Rises to 4-Month High: Caixin
The Caixin China General Composite PMI increased to a four-month high of 54.7 in April 2021 from 53.1 a month earlier. The latest reading was above the long-run trend, as the gauges for total demand, supply, employment, and overseas demand were all in expansionary territory. On the price front, inflationary pressures stayed strong, with input cost inflation hitting its highest since January 2017, while price charges rose solidly. Looking ahead, sentiment slipped from March's eight-year record but remained historically upbeat. "In the coming months, rising raw material prices and imported inflation are expected to limit policy choices and become a major obstacle to the sustained economic recovery," said Wang Zhe, senior economist at Caixin Insight Group
2021-05-07
China Composite PMI Highest in 3 Months: Caixin
The Caixin China General Composite PMI increased to 53.1 in March 2021 from 51.7 a month earlier. This was the highest reading since December last year, driven by a sharper rise in services activity, as manufacturing production growth was fractionally slower than that seen in February. New orders rose at a faster rate, supported by a renewed expansion in overall export sales. In addition, employment rose slightly after a mild drop in February. As for prices, input costs and output charges both rose sharply, with the latter increasing the most since November 2016. Lastly, confidence was at an eight-month high. "The economy continued to recover from the epidemic. More attention still needs to be paid to inflation going forward. This has restricted the room for future policy changes and is not conducive to a sustained economic recovery," said Wang Zhe, senior economist at Caixin Insight Group.
2021-04-06

China Composite PMI
In China, the Caixin China Composite Output Index tracks business trends across private sector activity, based on data collected from a representative panel of around 400 companies. The index tracks variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining.