The Caixin China General Manufacturing PMI fell to 49.4 in June 2019 from 50.2 in the previous month, missing market expectations of 50.0. The latest reading pointed to the first contraction in factory activity since February, as new orders, overseas sales and output all declined amid persistent trade dispute with the US. In addition, employment dropped further, with evidence suggesting that voluntary leavers had not been replaced. On the price front, input cost inflation hit its highest level in seven months, though the rate remained mild in the context of historical survey data. Similarly, there was a slight rise in factory gate charges, following no change in May. Looking ahead, confidence was broadly neutral, with some companies expecting the launch of new products and expansion plans to boost output in the year ahead, while others were concerned about the ongoing trade tensions. Manufacturing PMI in China is reported by Markit Economics.

Manufacturing PMI in China is expected to be 49.60 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 49.80 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.

China Caixin Manufacturing PMI
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China Business Last Previous Highest Lowest Unit
Business Confidence 49.40 49.40 59.20 38.80 Index Points [+]
Services PMI 52.00 52.70 54.70 50.00 Index Points [+]
Non Manufacturing PMI 54.20 54.30 62.20 50.80 percent [+]
Manufacturing PMI 49.40 50.20 52.30 47.20 [+]
Industrial Production 6.30 5.00 29.40 -21.10 percent [+]
Industrial Production Mom 0.68 0.38 1.32 0.13 percent [+]
Manufacturing Production 6.20 5.00 11.40 5.00 percent [+]
New Orders 49.60 49.80 65.10 32.30 Index Points [+]
Changes in Inventories 15873.10 14185.80 15873.10 3.00 CNY HML [+]
Total Vehicle Sales 2056000.00 1912565.00 3060271.00 88416.00 [+]
Car Production 1598000.00 1491400.00 2669100.00 215533.00 Units [+]
Car Registrations 1728000.00 1561200.00 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 89091.00 85032.00 89091.00 4918.00 Thousand Tonnes [+]
Mining Production 7.30 3.90 7.90 -3.80 percent [+]
Capacity Utilization 76.40 75.90 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 50.60 51.50 53.70 48.00 [+]
Cement Production 22696.00 21345.40 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 2379020.00 1812940.00 7518710.00 1617.00 CNY Million [+]
Ease of Doing Business 46.00 78.00 99.00 46.00 [+]
Electricity Production 583400.00 558900.00 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
49.40 50.20 52.30 47.20 2011 - 2019 Monthly




Country Last Previous
Australia 49.43 Jun/19
Brazil 51.00 Jun/19
Canada 49.20 Jun/19
China 49.40 Jun/19
Euro Area 47.60 Jun/19
France 51.90 Jun/19
Germany 45.00 Jun/19
India 52.10 Jun/19
Indonesia 50.60 Jun/19
Italy 48.40 Jun/19
Japan 49.30 Jun/19
Mexico 49.20 Jun/19
Netherlands 50.70 Jun/19
Russia 48.60 Jun/19
Saudi Arabia 57.40 Jun/19
Singapore 49.60 Jun/19
South Africa 46.20 Jun/19
South Korea 47.50 Jun/19
Spain 47.90 Jun/19
Switzerland 47.70 Jun/19
Turkey 47.90 Jun/19
United Kingdom 48.00 Jun/19
United States 50.60 Jun/19


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