The official NBS Manufacturing PMI for China edged down to 50.9 in June 2021 from 51.0 a month earlier and compared with market expectations of 50.8. This was the weakest pace of expansion in factory activity since February, amid high raw material costs and port disruptions in the export province of Guangdong. Output grew the least in four months (51.9 vs 52.7 in May); export orders fell for the second month in a row, and at a steeper pace (48.1 vs 48.3); and employment shrank for the third straight month (49.2 vs 48.9). On the cost front, input prices rose much softer but remained elevated (61.2 vs 72.8), while selling prices increased much less than in May (51.4 vs 60.6). Meantime, new order growth accelerated slightly (51.5 vs 51.3). At the same time, the suppliers' delivery time shortened slightly (47.9 vs 47.6). Looking ahead, sentiment weakened to a five-month low (57.9 vs 58.2). source: National Bureau of Statistics of China

Business Confidence in China averaged 51.64 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 July of 2021.

Business Confidence in China is expected to be 50.90 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 51.80 in 12 months time. 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.

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China NBS Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
50.90 51.00 59.20 35.70 2005 - 2021 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-03-31 01:00 AM Mar 51.9 50.6 51 51.1
2021-04-30 01:00 AM Apr 51.1 51.9 51.7 52.1
2021-05-31 01:00 AM May 51 51.1 51.1 51.2
2021-06-30 01:00 AM Jun 50.9 51.0 50.8 50.9
2021-07-31 01:00 AM Jul 50.9 50.8 50.8
2021-08-31 01:00 AM Aug
2021-09-30 01:00 AM Sep
2021-10-31 01:00 AM Oct


News Stream
China Factory Growth Slows to 4-Month Low: NBS
The official NBS Manufacturing PMI for China edged down to 50.9 in June 2021 from 51.0 a month earlier and compared with market expectations of 50.8. This was the weakest pace of expansion in factory activity since February, amid high raw material costs and port disruptions in the export province of Guangdong. Output grew the least in four months (51.9 vs 52.7 in May); export orders fell for the second month in a row, and at a steeper pace (48.1 vs 48.3); and employment shrank for the third straight month (49.2 vs 48.9). On the cost front, input prices rose much softer but remained elevated (61.2 vs 72.8), while selling prices increased much less than in May (51.4 vs 60.6). Meantime, new order growth accelerated slightly (51.5 vs 51.3). At the same time, the suppliers' delivery time shortened slightly (47.9 vs 47.6). Looking ahead, sentiment weakened to a five-month low (57.9 vs 58.2).
2021-06-30
China Manufacturing Growth Slows Slightly: NBS
The official NBS Manufacturing PMI for China unexpectedly was at 51.0 in May 2021, compared with market consensus and April's figure of 51.1. This was the lowest reading since February, amid intense inflationary pressure and supply bottleneck. New orders grew the least in twelve months (51.3 vs 52.0 in April), export sales shrank for the first time since February (48.3 vs 54.0), while employment fell for the second month in a row and at a steeper rate (48.9 vs 49.6). Also, suppliers' delivery time lengthened (47.6 vs 48.7). On the cost front, input prices surged (72.8 vs 66.9), while selling prices went up sharply (60.6 vs 57.3). Meantime, both output (52.7 vs 52.2) and buying activity (51.9 vs 51.7) grew further. Looking ahead, sentiment weakened to a four-month low (58.2 vs 58.3).
2021-05-31
China Manufacturing Growth Below Estimates: NBS
The official NBS Manufacturing PMI for China fell to 51.1 in April 2021 from 51.9 a month earlier and missing market expectations of 51.7. Output (52.2 vs 53.9 in March), new orders (52.0 vs 53.6), and export sales (50.4 vs 51.2) all grew at softer rates, as economic activity eased in the first month of the second quarter. Also, buying levels increased less (51.7 vs 53.1), while employment fell again (49.6 vs 50.1). As for prices, both input costs (66.9 vs 69.4) and output charges (57.3 vs 59.8) continued to rise at a solid pace. Looking ahead, business sentiment weakened to a three-month low (58.3 vs 58.5).
2021-04-30
China Manufacturing Growth at 3-Month High: NBS
The official NBS Manufacturing PMI for China rose to 51.9 in March 2021 from 50.6 in February, beating market consensus of 51.0. This was the highest reading since December 2020, as factories resumed their production after being closed for the Lunar New Year holiday. Output (53.9 vs 51.9 in February), new orders (53.6 vs 51.5), and buying levels (53.1 vs 51.6) all grew the most in three months, export sales returned to expansion (51.2 vs 48.8) and employment rose for the first time in eleven months (50.1 vs 48.1). As for prices, both input costs (69.4 vs 66.7) and output charges (59.8 vs 58.5) continued to rise at a solid pace. Looking ahead, business sentiment remained upbeat (58.5 vs 59.2).
2021-03-31

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. .