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.

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China Composite PMI



Related Last Previous Unit Reference
Manufacturing PMI 49.40 49.20 points Nov 2022
Services PMI 48.40 49.30 points Oct 2022
Composite PMI 48.30 48.50 points Oct 2022

China Composite PMI
In China, the Caixin China Composite Output Index tracks business trends across private sector activity, based on data collected from a representative panel of around 400 companies. The index tracks variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining.
Actual Previous Highest Lowest Dates Unit Frequency
48.30 48.50 57.50 27.50 2013 - 2022 points Monthly
SA

News Stream
China Composite PMI Lowest in 5 Months
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.
2022-11-03
China Composite PMI Sinks to 4-Month Low
The Caixin China General Composite PMI tumbled to 48.5 in September 2022 from 53.0 in the prior month, pointing to the lowest reading since May, as the Chinese economy has been facing more downward pressure due to several unfavorable factors. The drop in private sector activity was broad-based across the manufacturing and service sectors, with the former seeing a steeper rate of fall. New orders shrank, amid a renewed drop l in services sector sales while new work declined at a quicker pace at goods producers. Employment also fell, and at the steepest rate since February 2021. On the cost side, input prices rose slightly which was the weakest in 28 months. At the same time, output charges dropped for the third straight month, due to a solid rate of discounting at manufacturers. "Policy implementation should focus on promoting employment, granting subsidies, as well as boosting demand and confidence by sending policy signals," said Dr. Wang Zhe, senior economist at Caixin Insight.
2022-10-08
China Composite PMI Lowest in 3 Months
The Caixin China General Services PMI fell to a three-month low of 53.0 in August 2022 from 54.0 in July, due to the recent wave of COVID infections and energy shortages following the historic drought. While down for the second month running, the latest result signaled a solid growth in the private sector, with services activity continuing to outperform manufacturing though in both cases rates of rise softened since July. New order growth was at a three-month low as a fresh drop in manufacturing orders was offset by a solid rise in new business at service providers. Meantime, employment continued to fall modestly, amid mild falls in headcounts at both manufacturing and services activity. Prices data signaled the slowest rise in 27 months, while output charges fell for the second month running. "Right now, the economy is slowly recovering from a widespread outbreak of COVID in H1 the year, though it remains under pressure," said Dr. Wang Zhe, senior economist at Caixin Insight Group.
2022-09-05