The Caixin China General Manufacturing PMI rose to a four-month high of 51.9 in April 2021 from 50.6 a month earlier and beating market estimates of 50.8. Both output and new orders rose the most since last December, while exports sales grew for the second month in a row with the pace of expansion picking up. Aso, employment rose after shrinking for four months in a row, and buying levels grew the most in four months. Meantime, suppliers’ delivery times fell deeper into negative territory, amid logistical delays. Prices data showed that higher raw material costs led to a steeper increase in input prices, which were generally passed on to clients in the form of higher charges. Lastly, sentiment remained upbeat, despite the reading was at a three-month low. "In the coming months, rising raw material prices and imported inflation are expected to limit policy choices and become a major obstacle,” said Wang Zhe, senior economist at Caixin Insight Group. source: Markit Economics
Manufacturing PMI in China averaged 50.10 points from 2011 until 2021, reaching an all time high of 54.90 points in November of 2020 and a record low of 40.30 points in February of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Manufacturing PMI in China is expected to be 53.00 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 51.50 in 12 months time. In the long-term, the China Caixin Manufacturing PMI is projected to trend around 50.70 points in 2022 and 50.40 points in 2023, according to our econometric models.