The Caixin China General Composite PMI fell to 48.3 in October 2022 from 48.5 in September, pointing to the lowest print since May as the Chinese economy has been facing increasing downward pressure due to some unfavorable factors, including the negative impact of COVID controls. The decline was broad-based, with factory activity shrinking for the third month in a row and the services sector contracting the most in five months. New orders faltered, in part due to a further drop in foreign orders. By contrast, employment rose for the first time in seven months, on renewed job creation in the service sector. On the price front, the first rise in manufacturing buying costs for three months saw input cost inflation tick up from September's 28-month low; while prices charged were little changed after falling during Q3. "There is still tremendous downward pressure on the economy and the foundation for economic recovery is not yet solid," said Dr. Wang Zhe, senior economist at Caixin Insight. source: Markit Economics
Composite PMI in China averaged 51.21 points from 2013 until 2022, reaching an all time high of 57.50 points in November of 2020 and a record low of 27.50 points in February of 2020. This page provides - China Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. China Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.
Composite PMI in China is expected to be 51.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Composite PMI is projected to trend around 50.60 points in 2023, according to our econometric models.