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.