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.

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China Composite PMI



Related Last Previous Unit Reference
Services PMI 48.00 46.70 points Dec 2022
Manufacturing PMI 49.00 49.40 points Dec 2022
Composite PMI 48.30 47.00 points Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
48.30 47.00 57.50 27.50 2013 - 2022 points Monthly
SA

News Stream
China Private Sector Contracts for 4th Month
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.
2023-01-05
China Composite PMI Drops to 6-Month Low
The Caixin China General Composite PMI fell to 47.0 in November 2022 from 48.53in October, pointing to the lowest print since May as the Chinese economy was currently bracing for the third wave of COVID infections. The decline was broad-based, with factory activity shrinking for the fourth month in a row and the services sector contracting the most in six months. New orders declined at a stronger pace, though mild overall, which was driven by a steeper fall in sales across the service sector. Meantime, after rising slightly in October, employment fell and at the fastest rate since February 2020. Cost pressures remained relatively subdued, with average input costs rising modestly. Prices charged were broadly stable for the second month in a row. "The market is in urgent need of policies to promote employment and stabilize domestic demand," said Dr. Wang Zhe, senior economist at Caixin Insight Group.
2022-12-05
China Composite PMI Lowest in 5 Months
The Caixin China General Composite PMI fell to 48.3 in October 2022 from 48.5 in September, pointing to the lowest print since May as the Chinese economy has been facing increasing downward pressure due to some unfavorable factors, including the negative impact of COVID controls. The decline was broad-based, with factory activity shrinking for the third month in a row and the services sector contracting the most in five months. New orders faltered, in part due to a further drop in foreign orders. By contrast, employment rose for the first time in seven months, on renewed job creation in the service sector. On the price front, the first rise in manufacturing buying costs for three months saw input cost inflation tick up from September's 28-month low; while prices charged were little changed after falling during Q3. "There is still tremendous downward pressure on the economy and the foundation for economic recovery is not yet solid," said Dr. Wang Zhe, senior economist at Caixin Insight.
2022-11-03