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.

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China Composite PMI


Related Last Previous Unit Reference
Services PMI 53.80 53.40 points Oct/21
Manufacturing PMI 50.60 50.00 points Oct/21
Composite PMI 51.50 51.40 points Oct/21

News Stream
China Private Sector Grows for 2nd Month: Caixin
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.
2021-11-03
China Private Sector Returns to Expansion
The Caixin China General Composite PMI climbed to 51.4 in September 2021 from a 16-month low of 47.1 a month earlier, as COVID-19 outbreaks in some parts of the country receded. The upturn was mainly boosted by a renewed increase in services activity as manufacturing output fell slightly. September data pointed to a fresh rise in new work, amid a slight drop in new export business and a fractional fall in employment. Prices data, meanwhile, saw steeper increases in both input costs and output charges. "In the coming months, the government should focus on improving epidemic prevention and control and alleviating supply-side pressure," said Dr. Wang Zhe, senior economist at Caixin Insight Group. "It should also find a balance among multiple objectives, such as promoting employment, holding raw material prices stable, ensuring a stable and orderly supply, and meeting targets for controlling energy consumption.”
2021-10-08
China Private Sector Shrinks for 1st Time Since April 2020
The Caixin China General Composite PMI tumbled to 47.2 in August 2021 from 53.1 a month earlier, pointing to the first contraction in private sector activity since April 2020, dragged down by a resurgence of COVID-19 cases in several regions. The dip in the headline index was driven by renewed falls in activity across both the manufacturing and service sectors, with the latter noting the steeper rate of decline. New work also decreased for the first time in 16 months while employment fell slightly. At the same time, inflationary pressure remained high as raw material prices were still high and measures to counter the outbreaks pushed up transportation costs, while output prices increased slightly. Finally, surveyed manufacturers and service providers were only moderately optimistic about the economic outlook.
2021-09-03

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.