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.

Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
China Caixin Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
51.90 50.60 54.90 40.30 2011 - 2021 points Monthly


News Stream
China Factory Growth at 4-Month High: Caixin
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.
2021-04-30
China Manufacturing Growth at 11-Month Low: Caixin
The Caixin China General Manufacturing PMI unexpectedly fell to 50.6 in March 2021 from 50.9 a month earlier and missing market expectations of 51.3. This was the lowest reading since April 2020, indicating the post-epidemic recovery faltered. Both output and new orders grew at softer rates while employment moved closer to stabilization. Meanwhile, the measure for stocks of purchased items remained in negative territory for the third straight month, and the measure for quantity of purchases plunged into a contraction. The gauge for suppliers’ delivery times increased, though it was still in negative territory. On the price front, inflationary pressures intensified, with both input costs and output charges rising at steeper rates. Meantime, export sales returned to growth as foreign demand improves amid an acceleration in global COVID-19 vaccinations. Finally, the level of positive sentiment was among the highest seen over the past seven years.
2021-04-01
China Manufacturing Growth at 9-Month Low: Caixin
The Caixin China General Manufacturing PMI fell to 50.9 in February 2021, the lowest since May last year and below market consensus of 51.5, as the coronavirus pandemic weighed on demand and impacted business operations. Output growth eased to a ten-month low, while total new work expanded at the weakest rate for nine months and only marginally with new export business declining for a second month in a row. Employment continued to drop and backlogs of work fell for the first time since last May. In addition, raw material shortages and transport delays led to a marked lengthening of suppliers' delivery times. On the price front, both input costs and output charges continued to rise solidly. Looking ahead, business sentiment strengthened, with the gauge for future output expectations jumping to the second-highest since August 2014.
2021-03-01
China Manufacturing PMI Drops to 7-Month Low: Caixin
The Caixin China General Manufacturing PMI fell to a seven-month low of 51.5 in January 2021 from 53.0 in December, missing market consensus of 52.7. Both output and new orders rose at softer paces, while export sales shrank for the first time in six months due to a resurgence in COVID-19 infections globally. Also, buying levels expanded the least since last May. Employment fell after broadly stabilizing in December, with manufacturers recording the slowest accumulation in backlogs of work for eight months. On the cost front, input prices inflation slowed slightly from December's three-year high, while selling prices went up at the steepest rate since June 2018. Looking ahead, sentiment touched its lowest in eight months. "This year, we should pay attention to the effectiveness of domestic epidemic prevention, and look at how to bring new momentum to the Chinese economy, " said Wang Zhe, senior economist at Caixin Insight Group.
2021-02-01

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.