The official NBS Manufacturing PMI for China fell to 50.1 in August 2021 from 50.4 a month earlier and below market expectations of 50.2. This was the weakest pace of increase in factory activity since a contraction in February 2020, amid the Delta variant of COVID-19 outbreaks, higher material cost, and a campaign to reduce carbon emissions. Both output (50.9 vs 51.0 in July) and buying levels (50.3 vs 50.8) moderated, while there were declines in new orders (49.6 vs 50.9), export sales (46.7 vs 47.7), and employment (49.6 vs 49.6). On the price front, both input cost (61.3 vs 62.9) and selling prices (53.4 vs 53.8) went up at softer paces. Looking ahead, sentiment weakened for the sixth month in a row (57.5 vs 57.8). source: National Bureau of Statistics of China
Business Confidence in China averaged 51.63 points from 2005 until 2021, reaching an all time high of 59.20 points in April of 2008 and a record low of 35.70 points in February of 2020. This page provides - China Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. China NBS Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Business Confidence 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 Manufacturing PMI is projected to trend around 52.00 points in 2022 and 51.00 points in 2023, according to our econometric models.