The Official NBS Manufacturing PMI in China dropped to 49.5 in August 2019 from 49.7 in the previous month and below market expectations of 49.7. The latest reading pointed to the fourth straight month of contraction in factory activity, amid growing trade frictions with the US and sluggish domestic demand. There were falls in new orders (49.7 vs 49.8 in July) and employment (46.9 vs 47.1), while output growth slowed (51.9 vs 52.1). Export orders were down for the 15th straight month (47.2 vs 46.9) while buying level declined at the steepest rate since February (49.3 vs 50.4). On the price front, input prices dropped the most in seven months (48.6 vs 50.7), while output charges fell for the fourth month in a row (46.7 vs 46.9). Looking ahead, business sentiment weakened to its lowest since January (53.3 vs 53.6). Business Confidence in China averaged 51.82 Index Points from 2005 until 2019, reaching an all time high of 59.20 Index Points in April of 2008 and a record low of 38.80 Index Points in November of 2008.

Business Confidence in China is expected to be 49.90 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in China to stand at 50.50 in 12 months time. In the long-term, the China NBS Manufacturing PMI is projected to trend around 51.00 Index Points in 2020, according to our econometric models.

China NBS Manufacturing PMI
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-31 01:00 AM NBS Manufacturing PMI May 49.4 50.1 49.9 50.2
2019-06-30 01:00 AM NBS Manufacturing PMI Jun 49.4 49.4 49.5 49.8
2019-07-31 01:00 AM NBS Manufacturing PMI Jul 49.7 49.4 49.6 49.3
2019-08-31 01:00 AM NBS Manufacturing PMI Aug 49.5 49.7 49.7 49.5
2019-09-30 01:00 AM NBS Manufacturing PMI Sep 49.5 49.9
2019-10-31 01:00 AM NBS Manufacturing PMI Oct 50.9
2019-11-30 01:00 AM NBS Manufacturing PMI Nov 49.8


China Business Last Previous Highest Lowest Unit
Business Confidence 49.50 49.70 59.20 38.80 Index Points [+]
Non Manufacturing PMI 53.80 53.70 62.20 50.80 percent [+]
Manufacturing PMI 50.40 49.90 52.30 47.20 [+]
Services PMI 52.10 51.60 54.70 50.00 Index Points [+]
Industrial Production 4.40 4.80 29.40 -21.10 percent [+]
Industrial Production Mom 0.32 0.19 1.32 0.13 percent [+]
Manufacturing Production 4.30 4.50 11.40 4.30 percent [+]
New Orders 49.70 49.80 65.10 32.30 Index Points [+]
Changes in Inventories 15873.10 14185.80 15873.10 3.00 CNY HML [+]
Total Vehicle Sales 1958000.00 1808472.00 3060271.00 88416.00 [+]
Car Production 1693000.00 1523000.00 2669100.00 215533.00 Units [+]
Car Registrations 1653000.00 1528000.00 2672300.00 213534.00 [+]
Internet Speed 7583.32 6295.74 7583.32 635.70 KBps [+]
IP Addresses 98862937.00 104032031.00 119094184.00 28818357.00 IP [+]
Mining Production 3.70 6.60 7.90 -3.80 percent [+]
Steel Production 85223.00 87533.00 89091.00 4918.00 Thousand Tonnes [+]
Capacity Utilization 76.40 75.90 78.00 72.90 percent [+]
Competitiveness Index 72.61 71.76 72.61 4.55 Points [+]
Competitiveness Rank 28.00 28.00 34.00 26.00 [+]
Composite Pmi 51.60 50.90 53.70 48.00 [+]
Cement Production 21018.20 21003.00 23427.00 781.50 Ten Thousands of Tonnes [+]
Corruption Index 39.00 41.00 41.00 21.60 Points [+]
Corruption Rank 87.00 77.00 100.00 40.00 [+]
Corporate Profits 3497700.00 2984000.00 7518710.00 1617.00 CNY Million [+]
Ease of Doing Business 46.00 78.00 99.00 46.00 [+]
Electricity Production 657300.00 583400.00 657300.00 41760.00 Gigawatt-hour [+]


China NBS Manufacturing PMI

In China, the NBS Manufacturing Purchasing Manager Index measures the performance of the manufacturing sector and is derived from a survey of more large-scale, state-owned 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. . This page provides - China Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. China NBS Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
49.50 49.70 59.20 38.80 2005 - 2019 Index Points Monthly




Country Last Previous
Australia 1.00 Aug/19
Brazil 59.40 Sep/19
Canada 60.60 Aug/19
China 49.50 Aug/19
Euro Area 0.11 Aug/19
France 102.00 Aug/19
Germany 94.30 Aug/19
India 112.80 Sep/19
Indonesia 108.81 Jun/19
Italy 99.70 Aug/19
Japan 7.00 Jun/19
Mexico 49.70 Aug/19
Netherlands 3.90 Aug/19
Russia -2.00 Aug/19
Saudi Arabia 3.00 Jun/16
Singapore -11.00 Jun/19
South Africa 21.00 Sep/19
South Korea 68.00 Aug/19
Spain 1.40 Aug/19
Switzerland 97.00 Aug/19
Turkey 102.50 Aug/19
United Kingdom -32.00 Sep/19
United States 49.10 Aug/19


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