The Caixin China General Manufacturing PMI rose to 49.9 in February 2019 from a near three-year low of 48.3 in January and beating market expectations of 48.5. Output and new orders expanded slightly, despite export sales slipping back into contraction. At the same time, capacity pressures continued to build, with backlogs of work rising further. However, efforts to contain costs contributed to a further decline in employment and inventories. At the same time, a relatively subdued demand outlook weighed on purchasing activity, while confidence towards the year-ahead edged down slightly. Meanwhile, prices data showed that average input costs fell for the third month in a row, but prices charged rose slightly. Manufacturing PMI in China is reported by Markit Economics.

Manufacturing PMI in China is expected to be 51.60 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 50.30 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 49.20 49.50 59.20 38.80 Index Points [+]
Services PMI 51.10 53.60 54.70 50.00 Index Points [+]
Non Manufacturing PMI 54.30 54.70 62.20 50.80 percent [+]
Manufacturing PMI 49.90 48.30 52.30 47.20 [+]
Industrial Production 5.30 5.30 29.40 -21.10 percent [+]
Industrial Production Mom 0.43 0.43 1.32 0.13 percent [+]
Manufacturing Production 5.60 5.60 11.40 5.50 percent [+]
New Orders 50.60 49.60 65.10 32.30 Index Points [+]
Changes in Inventories 14186.00 11054.00 14186.00 3.00 CNY HML [+]
Total Vehicle Sales 1480000.00 2367300.00 3060271.00 88416.00 [+]
Car Production 1140300.00 1995087.00 2669100.00 215533.00 Units [+]
Car Registrations 1219500.00 2021089.00 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 75013.00 76121.00 82552.00 4918.00 Thousand Tonnes [+]
Mining Production 0.30 0.30 7.90 -3.80 percent [+]
Capacity Utilization 76.00 76.50 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 50.70 50.90 53.70 48.00 [+]
Cement Production 18394.00 20521.00 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 6635140.00 6116880.00 7518710.00 1617.00 CNY Million [+]
Ease of Doing Business 46.00 78.00 99.00 46.00 [+]
Electricity Production 620000.00 554300.00 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
49.90 48.30 52.30 47.20 2011 - 2019 Monthly




Country Last Previous
Australia 54.00 Feb/19
Brazil 53.40 Feb/19
Canada 52.60 Feb/19
China 49.90 Feb/19
Euro Area 47.60 Mar/19
France 49.80 Mar/19
Germany 44.70 Mar/19
India 54.30 Feb/19
Indonesia 50.10 Feb/19
Italy 47.70 Feb/19
Japan 48.90 Mar/19
Mexico 52.60 Feb/19
Netherlands 52.70 Feb/19
Russia 50.10 Feb/19
Saudi Arabia 56.60 Feb/19
Singapore 50.40 Feb/19
South Africa 46.20 Feb/19
South Korea 47.20 Feb/19
Spain 49.90 Feb/19
Switzerland 55.40 Feb/19
Turkey 46.40 Feb/19
United Kingdom 52.00 Feb/19
United States 52.50 Mar/19


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