The Caixin China General Manufacturing PMI fell unexpectedly to 49.7 in December 2018 from 50.2 in November, missing market consensus of 50.1. The latest reading pointed to the first contraction in the manufacturing sector since May 2017, as new orders declined for the first time since June 2016 and new export business dropped for the ninth month in a row due to the trade frictions between China and the US. In addition, employment continued to fall, while production rose slightly after two months of stagnation. On the price front, input costs decreased for the first time since May 2017, with the rate of reduction being the fastest since February 2016. At the same time, reports of a general drop in market prices led firms to discount their output charges for the second consecutive month. Confidence towards the 12-month outlook for production edged up to a three-month high, but remained subdued overall amid softer client demand and restrictive national policies around production. Manufacturing PMI in China is reported by Markit Economics.

Manufacturing PMI in China is expected to be 50.50 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 50.80 in 12 months time. In the long-term, the China Caixin Manufacturing PMI is projected to trend around 50.10 in 2020, according to our econometric models.

China Caixin Manufacturing PMI
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China Business Last Previous Highest Lowest Unit
Business Confidence 49.40 50.00 59.20 38.80 Index Points [+]
Services PMI 53.90 53.80 54.70 50.00 Index Points [+]
Non Manufacturing PMI 53.80 53.40 62.20 50.80 percent [+]
Manufacturing PMI 49.70 50.20 52.30 47.20 [+]
Industrial Production 5.40 5.90 29.40 -21.10 percent [+]
Industrial Production Mom 0.36 0.47 1.32 0.13 percent [+]
Manufacturing Production 5.60 6.10 11.40 5.60 percent [+]
New Orders 49.70 50.40 65.10 32.30 Index Points [+]
Changes in Inventories 14186.00 11054.00 14186.00 3.00 CNY HML [+]
Total Vehicle Sales 2661500.00 2547800.00 3060271.00 88416.00 [+]
Car Production 2122900.00 2002200.00 2669100.00 215533.00 Units [+]
Car Registrations 2173500.00 2046800.00 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 77621.00 82552.00 82552.00 4918.00 Thousand Tonnes [+]
Mining Production 2.30 3.80 7.90 -3.80 percent [+]
Capacity Utilization 76.50 76.80 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 52.20 51.90 53.70 48.00 [+]
Cement Production 20521.00 22043.20 23427.00 781.50 Ten Thousands of Tonnes [+]
Corruption Index 41.00 40.00 41.00 21.60 Points [+]
Corruption Rank 77.00 79.00 100.00 40.00 [+]
Corporate Profits 6116880.00 5521180.00 7518710.00 1617.00 CNY Million [+]
Ease of Doing Business 46.00 78.00 99.00 46.00 [+]
Electricity Production 533000.00 548300.00 640500.00 41760.00 Gigawatt-hour [+]


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. 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
49.70 50.20 52.30 47.20 2011 - 2018 Monthly




Country Last Previous
Australia 49.50 Dec/18
Brazil 52.60 Dec/18
Canada 53.60 Dec/18
China 49.70 Dec/18
Euro Area 51.40 Dec/18
France 49.70 Dec/18
Germany 51.50 Dec/18
India 53.20 Dec/18
Indonesia 51.20 Dec/18
Italy 49.20 Dec/18
Japan 52.60 Dec/18
Mexico 49.70 Dec/18
Netherlands 57.20 Dec/18
Russia 51.70 Dec/18
Saudi Arabia 54.50 Dec/18
Singapore 51.10 Dec/18
South Africa 50.70 Dec/18
South Korea 49.80 Dec/18
Spain 51.10 Dec/18
Switzerland 57.80 Dec/18
Turkey 44.20 Dec/18
United Kingdom 54.20 Dec/18
United States 53.80 Dec/18


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