The official NBS Manufacturing PMI for China fell to 50.6 in February 2021, down from 51.3 a month earlier and below market expectations of 51.1. The latest reading signaled the smallest increase in factory activity since May 2020, due to brief COVID-19-related disruptions early this year. Output expanded the least in a year (51.9 vs 53.5 in January) and new order growth slowed to an eight-month low (51.5 vs 52.3) with new export orders dropping for the first time in six months (48.8 vs 50.2). Meanwhile, employment contracted for a tenth month in a row and at a steeper rate (48.1 vs 48.4). On the price front, both input costs and output charges continued to rise at a solid pace. Looking ahead, business sentiment strengthened in February, from January's six-month low. source: National Bureau of Statistics of China
Business Confidence in China averaged 51.65 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 March 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. Looking forward, we estimate Business Confidence in China to stand at 52.00 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.