The Caixin China General Manufacturing PMI fell to 51.3 in June 2021 from 52 in May, below market estimates of 51.8. This was the lowest reading in three months, amid the recent uptick in local COVID-19 cases and supply chain difficulties. Output rose the least since March 2020, new order growth eased to a three-month low, and export sales were broadly stagnated. Meantime, the rate of job creation was the second-strongest since January 2013; while backlogs of work rose for the fourth month in a row. On the price front, inflationary pressures eased, with input prices rising the least in seven months while selling prices increasing at the slowest pace since February. Finally, the degree of optimism was unchanged from May's four-month low. "In the second half of this year, the low base effect from last year will weaken. Inflationary pressure is still a serious challenge for China,” said Wang Zhe, senior economist at Caixin Insight Group. source: Markit Economics

Manufacturing PMI in China averaged 50.13 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 August of 2021.

Manufacturing PMI in China is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.

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China Caixin Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
51.30 52.00 54.90 40.30 2011 - 2021 points Monthly


News Stream
China Factory Growth Slows to 3-Month Low: Caixin
The Caixin China General Manufacturing PMI fell to 51.3 in June 2021 from 52 in May, below market estimates of 51.8. This was the lowest reading in three months, amid the recent uptick in local COVID-19 cases and supply chain difficulties. Output rose the least since March 2020, new order growth eased to a three-month low, and export sales were broadly stagnated. Meantime, the rate of job creation was the second-strongest since January 2013; while backlogs of work rose for the fourth month in a row. On the price front, inflationary pressures eased, with input prices rising the least in seven months while selling prices increasing at the slowest pace since February. Finally, the degree of optimism was unchanged from May's four-month low. "In the second half of this year, the low base effect from last year will weaken. Inflationary pressure is still a serious challenge for China,” said Wang Zhe, senior economist at Caixin Insight Group.
2021-07-01
China Manufacturing Growth at 5-Month High: Caixin
The Caixin China General Manufacturing PMI unexpectedly was at a five-month high of 52.0 in May 2021, compared with market consensus and April's figure of 51.9, amid a steady recovery of the Chinese economy from the pandemic. New orders rose the most since December 2020, export order growth was at a six-month high, and output continued to rise. Also, buying activity increased solidly, amid sustained improvement in customer demand. Meantime, employment was broadly unchanged while backlogs of work rose for the third month in a row. On the price front, input cost inflation hit its highest since December 2016 due to higher raw material costs. Meantime, selling prices went up at the steepest rate in over a decade. Looking ahead, sentiment fell to a four-month low. "Rapidly rising commodity prices began to disrupt the economy as some enterprises began to hoard goods, while some others suffered raw material shortages," said Wang Zhe, senior economist at Caixin Insight Group.
2021-06-01
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 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.