The Caixin China General Manufacturing PMI rose to 51.2 in June 2020 from 50.7 in the previous month, beating market consensus of 50.5. This was the highest reading since December last year, supported by the recent easing of COVID-19 measures. Output grew further on the back of a renewed increase in new orders, while buying levels rose the most since January 2018. Meantime, export work continued to fall due to weak global demand and employment dropped for the six straight month. At the same time, vendor performance deteriorated slightly as travel restrictions continued to impact logistics. On the price front, input cost increased for the first time in four months, while selling prices rose slightly as overall pricing power was restricted due to tough market competition. Finally, business sentiment hit its highest since February.

Manufacturing PMI in China averaged 49.87 points from 2011 until 2020, reaching an all time high of 52.30 points in January of 2013 and a record low of 40.30 points in February of 2020. This page provides the latest reported value for - China Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. China Caixin Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Markit Economics

Manufacturing PMI in China is expected to be 50.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in China to stand at 49.00 in 12 months time. In the long-term, the China Caixin Manufacturing PMI is projected to trend around 50.70 points in 2021 and 50.40 points in 2022, according to our econometric models.

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China Caixin Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
51.20 50.70 52.30 40.30 2011 - 2020 points Monthly


News Stream
China Manufacturing Growth at 6-Month High: Caixin
The Caixin China General Manufacturing PMI rose to 51.2 in June 2020 from 50.7 in the previous month, beating market consensus of 50.5. This was the highest reading since December last year, supported by the recent easing of COVID-19 measures. Output grew further on the back of a renewed increase in new orders, while buying levels rose the most since January 2018. Meantime, export work continued to fall due to weak global demand and employment dropped for the six straight month. At the same time, vendor performance deteriorated slightly as travel restrictions continued to impact logistics. On the price front, input cost increased for the first time in four months, while selling prices rose slightly as overall pricing power was restricted due to tough market competition. Finally, business sentiment hit its highest since February.
2020-07-01
China Manufacturing Returns to Growth: Caixin
The Caixin China General Manufacturing PMI rose to 50.7 in May 2020 from 49.4 in the previous month and beating market consensus of 49.6. This was the highest reading since January as COVID-19 led restrictions eased, with output growing the most since January 2011 and buying levels increasing slightly. Meantime, demand conditions remained subdued largely due to a notable fall in export orders. Also, firms continued to trim their staff numbers while backlogs of works declined for the first time since February 2016. Encouragingly, supplier performance was broadly stable after travel restrictions and low supply levels hindered vendor performance in prior months. Prices data showed input cost fell for the third month in a row, with factory gate being little-changed following a three-month period of discounting. Looking ahead, business sentiment picked up, amid hopes of a global economic rebound once the pandemic situation improves.
2020-06-01
China Manufacturing PMI Falls Unexpectedly: Caixin
The Caixin China General Manufacturing PMI dropped to 49.4 in April 2020 from 50.1 in the previous month, missing market consensus of 50.3, with the COVID-19 pandemic continuing to hurt both domestic and international demand. New orders fell for the third month running, with new export orders declining the most since December 2008. Also, the rate of job shedding quickened from March, while backlogs of work rose further as firms continued to process orders from previous months. In addition, stocks of purchased items and suppliers’ delivery times continued to recover despite staying in negative territory. Prices data showed input cost fell the most in four years amid a plunge in oil prices. Output charges also declined as firms sought to remain competitive and attract sales. Finally, business confidence weakened.
2020-04-30
China Factory Activity Stabilizes: Caixin
The Caixin China General Manufacturing PMI jumped to 50.1 in March 2020 from a February's record low of 40.3, easily beating market consensus of 45.5 and signaling a broad stabilization of business conditions. Output rose slightly as more firms reopened following widespread company shutdowns and travel restrictions in February amid the COVID-19 outbreak. Meanwhile, demand remained fragile, with new orders falling for the second straight month and export sales declining sharply. Employment also fell further due to a combination of voluntary leavers and efforts to cut costs, while capacity pressures persisted. Supply chains remained under pressure, lengthening at the second-quickest rate in just over 12 years. On the price front, input costs fell for the first time since August last year, while firms cut their selling prices. Finally, sentiment held close to February's five-year high, with many firms optimistic that demand will pick up once the pandemic situation improves.
2020-04-01

China Caixin Manufacturing PMI
In China, the Caixin Manufacturing PMI Purchasing Managers' Index measures the performance of the manufacturing sector and is derived from a survey of private 430 industrial 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.