The Official NBS Manufacturing PMI in China rose unexpectedly to 50.5 in March 2019 from a three-year low of 49.2 in the previous month and beating market expectations of 49.5. It marked the first increase in manufacturing activity since December last year, amid a rebound in both output (52.7 vs 49.5 in February) and buying activity (51.2 vs 48.3), and a faster rise in new orders (51.6 vs 50.6). At the same time, both new export orders (47.1 vs 45.2) and employment (47.6 vs 47.5) shrank at a softer rate. On the price front, input prices rose sharply and marking the second straight month of gain (53.5 vs 51.9); while output charges went up for the first time in five months (51.4 vs 48.5). Finally, business sentiment strengthened to its highest in seven months (56.8 vs 56.2). Business Confidence in China averaged 51.88 Index Points from 2005 until 2019, reaching an all time high of 59.20 Index Points in April of 2008 and a record low of 38.80 Index Points in November of 2008.

Business Confidence in China is expected to be 51.60 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in China to stand at 50.90 in 12 months time. In the long-term, the China NBS Manufacturing PMI is projected to trend around 51.00 Index Points in 2020, according to our econometric models.

China NBS Manufacturing PMI
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-31 01:00 AM NBS Manufacturing PMI 49.4 50 49.9 50
2019-01-31 01:00 AM NBS Manufacturing PMI 49.5 49.4 49.3 49.8
2019-02-28 01:00 AM NBS Manufacturing PMI 49.2 49.5 49.5 49.8
2019-03-31 01:00 AM NBS Manufacturing PMI 50.5 49.2 49.5 49.6
2019-04-30 01:00 AM NBS Manufacturing PMI 50.5 49.5 50.6
2019-05-31 01:00 AM NBS Manufacturing PMI 49.9
2019-06-30 01:00 AM NBS Manufacturing PMI 50


China Business Last Previous Highest Lowest Unit
Business Confidence 50.50 49.20 59.20 38.80 Index Points [+]
Services PMI 54.40 51.10 54.70 50.00 Index Points [+]
Non Manufacturing PMI 54.80 54.30 62.20 50.80 percent [+]
Manufacturing PMI 50.80 49.90 52.30 47.20 [+]
Industrial Production 8.50 5.30 29.40 -21.10 percent [+]
Industrial Production Mom 1.00 0.46 1.32 0.13 percent [+]
Manufacturing Production 9.00 5.60 11.40 5.50 percent [+]
New Orders 51.60 50.60 65.10 32.30 Index Points [+]
Changes in Inventories 14186.00 11054.00 14186.00 3.00 CNY HML [+]
Total Vehicle Sales 2520000.00 1481602.00 3060271.00 88416.00 [+]
Car Production 2089800.00 1140300.00 2669100.00 215533.00 Units [+]
Car Registrations 2019400.00 1219500.00 2672300.00 213534.00 [+]
Internet Speed 7583.32 6295.74 7583.32 635.70 KBps [+]
IP Addresses 98862937.00 104032031.00 119094184.00 28818357.00 IP [+]
Steel Production 70988.00 75013.00 82552.00 4918.00 Thousand Tonnes [+]
Mining Production 4.60 0.30 7.90 -3.80 percent [+]
Capacity Utilization 75.90 76.00 78.00 72.90 percent [+]
Competitiveness Index 72.61 71.76 72.61 4.55 Points [+]
Competitiveness Rank 28.00 28.00 34.00 26.00 [+]
Composite Pmi 52.90 50.70 53.70 48.00 [+]
Cement Production 17971.10 18394.00 23427.00 781.50 Ten Thousands of Tonnes [+]
Corruption Index 39.00 41.00 41.00 21.60 Points [+]
Corruption Rank 87.00 77.00 100.00 40.00 [+]
Corporate Profits 708010.00 6635140.00 7518710.00 1617.00 CNY Million [+]
Ease of Doing Business 46.00 78.00 99.00 46.00 [+]
Electricity Production 620000.00 554300.00 640500.00 41760.00 Gigawatt-hour [+]


China NBS Manufacturing PMI

In China, the NBS Manufacturing Purchasing Manager Index measures the performance of the manufacturing sector and is derived from a survey of more large-scale, state-owned companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. . This page provides - China Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. China NBS Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.50 49.20 59.20 38.80 2005 - 2019 Index Points Monthly




Country Last Previous
Australia 0.00 Mar/19
Brazil 61.90 Mar/19
Canada 54.30 Mar/19
China 50.50 Mar/19
Euro Area 0.53 Mar/19
France 102.00 Mar/19
Germany 99.60 Mar/19
India 113.50 Jun/19
Indonesia 104.71 Dec/18
Italy 100.60 Apr/19
Japan 12.00 Mar/19
Mexico 51.50 Mar/19
Netherlands 6.10 Mar/19
Russia -2.00 Mar/19
Saudi Arabia 3.00 Jun/16
Singapore -14.00 Dec/18
South Africa 28.00 Mar/19
South Korea 73.00 Mar/19
Spain -2.30 Mar/19
Switzerland 97.40 Mar/19
Turkey 102.10 Mar/19
United Kingdom -23.00 Mar/19
United States 55.30 Mar/19


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