China Caixin Manufacturing PMI

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.

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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	[+]

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	Range
Australia	49.50	Dec/18	51.3	63.1 : 30.86
Brazil	52.60	Dec/18	52.7	53.5 : 41.6
Canada	53.60	Dec/18	54.9	57.1 : 47.5
China	49.70	Dec/18	50.2	52.3 : 47.2
Euro Area	51.40	Dec/18	51.8	60.6 : 33.5
France	49.70	Dec/18	50.8	58.8 : 42.7
Germany	51.50	Dec/18	51.8	63.3 : 32
India	53.20	Dec/18	54	55 : 47.9
Indonesia	51.20	Dec/18	50.4	58.5 : 46.4
Italy	49.20	Dec/18	48.6	59 : 48
Japan	52.60	Dec/18	52.2	56.2 : 29.6
Mexico	49.70	Dec/18	49.7	57.1 : 49.2
Netherlands	57.20	Dec/18	56.1	63.4 : 48
Russia	51.70	Dec/18	52.6	54.7 : 47.6
Saudi Arabia	54.50	Dec/18	55.2	61.8 : 51.4
Singapore	51.10	Dec/18	51.5	53.1 : 48.3
South Africa	50.70	Dec/18	49.5	60.87 : 35.09
South Korea	49.80	Dec/18	48.6	52.6 : 45.7
Spain	51.10	Dec/18	52.6	56.1 : 41.1
Switzerland	57.80	Dec/18	57.7	66.9 : 32.9
Turkey	44.20	Dec/18	44.7	55.7 : 42.7
United Kingdom	54.20	Dec/18	53.6	61.5 : 34.4
United States	53.80	Dec/18	55.3	57.9 : 50.7