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.