The NBS Composite PMI Output Index in China dropped to a seven-month low of 47.1 in November 2022 from 49.0 in the prior month, indicating that overall production and operating activities of Chinese enterprises continued to slow down due to a surge in COVID cases and strict curbs, particularly in several big cities. Both factory activity and the service sector contracted for the second month in a row, with each index hitting its lowest since April. China's statistics agency, NBS, attributed the falls to “multiple factors” at home and abroad, including a more severe international environment. “China’s economic prosperity level had a slight decline,” said Zhao Qinghe. source: National Bureau of Statistics of China
NBS General PMI in China averaged 52.60 points from 2017 until 2022, reaching an all time high of 55.70 points in November of 2020 and a record low of 28.90 points in February of 2020. This page includes a chart with historical data for China NBS General PMI. China NBS General PMI - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.
NBS General PMI in China is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China NBS General PMI is projected to trend around 54.00 points in 2023, according to our econometric models.