China Caixin Manufacturing PMI

The Caixin China General Manufacturing PMI rose to 49.9 in February 2019 from a near three-year low of 48.3 in January and beating market expectations of 48.5. Output and new orders expanded slightly, despite export sales slipping back into contraction. At the same time, capacity pressures continued to build, with backlogs of work rising further. However, efforts to contain costs contributed to a further decline in employment and inventories. At the same time, a relatively subdued demand outlook weighed on purchasing activity, while confidence towards the year-ahead edged down slightly. Meanwhile, prices data showed that average input costs fell for the third month in a row, but prices charged rose slightly. Manufacturing PMI in China is reported by Markit Economics.

Manufacturing PMI in China is expected to be 51.60 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 50.30 in 12 months time. In the long-term, the China Caixin Manufacturing PMI is projected to trend around 50.40 in 2020, according to our econometric models.

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China Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	49.20	49.50	59.20	38.80	Index Points	[+]
Services PMI	51.10	53.60	54.70	50.00	Index Points	[+]
Non Manufacturing PMI	54.30	54.70	62.20	50.80	percent	[+]
Manufacturing PMI	49.90	48.30	52.30	47.20		[+]
Industrial Production	5.30	5.30	29.40	-21.10	percent	[+]
Industrial Production Mom	0.43	0.43	1.32	0.13	percent	[+]
Manufacturing Production	5.60	5.60	11.40	5.50	percent	[+]
New Orders	50.60	49.60	65.10	32.30	Index Points	[+]
Changes in Inventories	14186.00	11054.00	14186.00	3.00	CNY HML	[+]
Total Vehicle Sales	1480000.00	2367300.00	3060271.00	88416.00		[+]
Car Production	1140300.00	1995087.00	2669100.00	215533.00	Units	[+]
Car Registrations	1219500.00	2021089.00	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	75013.00	76121.00	82552.00	4918.00	Thousand Tonnes	[+]
Mining Production	0.30	0.30	7.90	-3.80	percent	[+]
Capacity Utilization	76.00	76.50	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	50.70	50.90	53.70	48.00		[+]
Cement Production	18394.00	20521.00	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	6635140.00	6116880.00	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	[+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on March of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	49.90	48.30	52.30	47.20	2011 - 2019		Monthly

Country	Last		Previous	Range
Australia	54.00	Feb/19	52.5	62.5 : 29.47
Brazil	53.40	Feb/19	52.7	53.5 : 41.6
Canada	52.60	Feb/19	53	57.1 : 47.5
China	49.90	Feb/19	48.3	52.3 : 47.2
Euro Area	47.60	Mar/19	49.3	60.6 : 33.5
France	49.80	Mar/19	51.5	58.8 : 42.7
Germany	44.70	Mar/19	47.6	63.3 : 32
India	54.30	Feb/19	53.9	55 : 47.9
Indonesia	50.10	Feb/19	49.9	58.5 : 46.4
Italy	47.70	Feb/19	47.8	59 : 47.7
Japan	48.90	Mar/19	48.9	56.2 : 29.6
Mexico	52.60	Feb/19	50.9	57.1 : 49.2
Netherlands	52.70	Feb/19	55.1	63.4 : 48
Russia	50.10	Feb/19	50.9	54.7 : 47.6
Saudi Arabia	56.60	Feb/19	56.2	61.8 : 51.4
Singapore	50.40	Feb/19	50.7	53.1 : 48.3
South Africa	46.20	Feb/19	49.9	60.87 : 35.09
South Korea	47.20	Feb/19	48.3	52.6 : 45.7
Spain	49.90	Feb/19	52.4	56.1 : 41.1
Switzerland	55.40	Feb/19	54.3	66.9 : 32.8
Turkey	46.40	Feb/19	44.2	55.7 : 42.7
United Kingdom	52.00	Feb/19	52.6	61.5 : 34.4
United States	52.50	Mar/19	53	57.9 : 50.7