The Caixin China General Manufacturing PMI fell to 51.1 in January 2020 from 51.5 in the previous month, missing market expectations of 51.3 and signalling only a marginal improvement in the health of the sector that was the weakest since August. Output and new orders increased at a softer pace, with exports falling for the first time in five months, amid ongoing concerns about the coronavirus outbreak that has taken over 350 lives in the country so far and has affected over 16,600 people worldwide. In addition, employment declined for the first time since last October, while backlogs of work were broadly stable at the start of the year following a 46-month sequence of accumulation. On the price front, input cost inflation picked up to a 14-month high, while selling price rose only modestly on the back of competitive market pressures. Looking ahead, business sentiment strengthened to its highest in 22 months amid easing of China-US trade tensions.
Manufacturing PMI in China averaged 49.95 points from 2011 until 2020, reaching an all time high of 52.30 points in January of 2013 and a record low of 47.20 points in September of 2015. 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. source: Markit Economics
Manufacturing PMI in China is expected to be 48.70 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 50.10 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.