China Caixin Manufacturing PMI

The Caixin China General Manufacturing PMI rose to 50.4 in August 2019 from 49.9 in the previous month, beating market expectations of 49.8. The latest reading pointed to the strongest pace of expansion in the manufacturing sector since March, as production grew the most in five months and both employment and new order intakes were broadly stable, despite the fastest decline in export sales since last November. Also, buying activity increased slightly for the second month running, while stocks of finished goods rose for the first time this year. On the price front, input costs dropped the most since January 2016 on the back of widespread reports of reduced raw material prices, while output charges fell at the steepest rate since December 2015. Finally, business sentiment weakened to a level that was among the lowest in the series history, largely due to concerns over the ongoing China-US trade dispute and signs of a slowing global economy. Manufacturing PMI in China is reported by Markit Economics.

Manufacturing PMI in China is expected to be 50.70 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 50.20 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.

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China Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	49.50	49.70	59.20	38.80	Index Points	[+]
Non Manufacturing PMI	53.80	53.70	62.20	50.80	percent	[+]
Manufacturing PMI	50.40	49.90	52.30	47.20		[+]
Services PMI	52.10	51.60	54.70	50.00	Index Points	[+]
Industrial Production	4.40	4.80	29.40	-21.10	percent	[+]
Industrial Production Mom	0.32	0.19	1.32	0.13	percent	[+]
Manufacturing Production	4.30	4.50	11.40	4.30	percent	[+]
New Orders	49.70	49.80	65.10	32.30	Index Points	[+]
Changes in Inventories	15873.10	14185.80	15873.10	3.00	CNY HML	[+]
Total Vehicle Sales	1958000.00	1808472.00	3060271.00	88416.00		[+]
Car Production	1693000.00	1523000.00	2669100.00	215533.00	Units	[+]
Car Registrations	1653000.00	1528000.00	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	[+]
Mining Production	3.70	6.60	7.90	-3.80	percent	[+]
Steel Production	85223.00	87533.00	89091.00	4918.00	Thousand Tonnes	[+]
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	51.60	50.90	53.70	48.00		[+]
Cement Production	21018.20	21003.00	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	3497700.00	2984000.00	7518710.00	1617.00	CNY Million	[+]
Ease of Doing Business	46.00	78.00	99.00	46.00		[+]
Electricity Production	657300.00	583400.00	657300.00	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 September of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	50.40	49.90	52.30	47.20	2011 - 2019		Monthly

Country	Last		Previous	Range
Australia	53.10	Aug/19	51.3	62.5 : 29.47
Brazil	52.50	Aug/19	49.9	53.5 : 41.6
Canada	49.10	Aug/19	50.2	57.1 : 47.5
China	50.40	Aug/19	49.9	52.3 : 47.2
Euro Area	47.00	Aug/19	46.5	60.6 : 33.5
France	51.10	Aug/19	49.7	58.8 : 42.7
Germany	43.50	Aug/19	43.2	63.3 : 32
India	51.40	Aug/19	52.5	55 : 47.9
Indonesia	49.00	Aug/19	49.6	58.5 : 46.4
Italy	48.70	Aug/19	48.5	59 : 47.4
Japan	49.30	Aug/19	49.4	56.2 : 29.6
Mexico	49.00	Aug/19	49.8	57.1 : 49
Netherlands	51.60	Aug/19	50.7	63.4 : 48
Russia	49.10	Aug/19	49.3	54.7 : 47.6
Saudi Arabia	57.00	Aug/19	56.6	61.8 : 51.4
Singapore	49.90	Aug/19	49.8	53.1 : 48.3
South Africa	45.70	Aug/19	52.1	60.87 : 35.09
South Korea	49.00	Aug/19	47.3	52.6 : 45.7
Spain	48.80	Aug/19	48.2	56.1 : 41.1
Switzerland	47.20	Aug/19	44.7	66.9 : 32.8
Turkey	48.00	Aug/19	46.7	55.7 : 42.7
United Kingdom	47.40	Aug/19	48	61.5 : 34.4
United States	50.30	Aug/19	50.4	57.9 : 50.3