The Official NBS Manufacturing PMI in China unexpectedly rose to 50.9 in June 2020 from 50.6 in the previous month and compared with market estimates of 50.4. This was the fourth straight month of increase in factory activity and the strongest since March, as the economy continues to recover after the government lifted strict COVID-19 lockdowns and ramped up investment. Output grew the most in three months (53.9 vs 53.2 in May), while both new orders (51.4 vs 50.9) and buying levels (51.8 vs 50.8) went up for the fourth month in a row and at a faster pace. Meantime, both export sales (42.6 vs 35.3) and employment shrank at softer rates (49.1 vs 49.4), with supplier's delivery time was unchanged (at 50.5). Prices data showed input cost advanced for the second month running and at a faster pace (56.8 vs 51.6), while selling prices rose following a fall in May (52.4 vs 48.7). Looking ahead, sentiment eased but remained solid (57.5 vs 57.9).

Business Confidence in China averaged 51.66 points from 2005 until 2020, 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 2020. source: National Bureau of Statistics of China

Business Confidence in China is expected to be 51.10 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 50.70 in 12 months time. In the long-term, the China NBS Manufacturing PMI is projected to trend around 52.00 points in 2021 and 51.00 points in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
China NBS Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
50.90 50.60 59.20 35.70 2005 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-03-31 01:00 AM Mar 52 35.7 45 44.2
2020-04-30 01:00 AM Apr 50.8 52 51 47.6
2020-05-31 01:00 AM May 50.6 50.8 51.0 50.5
2020-06-30 01:00 AM Jun 50.9 50.6 50.4 50.2
2020-07-31 01:00 AM Jul 50.9
2020-08-31 01:00 AM Aug
2020-09-30 01:00 AM Sep 51.1
2020-10-31 01:00 AM Oct


News Stream
China Manufacturing Growth Beats Expectations: NBS
The Official NBS Manufacturing PMI in China unexpectedly rose to 50.9 in June 2020 from 50.6 in the previous month and compared with market estimates of 50.4. This was the fourth straight month of increase in factory activity and the strongest since March, as the economy continues to recover after the government lifted strict COVID-19 lockdowns and ramped up investment. Output grew the most in three months (53.9 vs 53.2 in May), while both new orders (51.4 vs 50.9) and buying levels (51.8 vs 50.8) went up for the fourth month in a row and at a faster pace. Meantime, both export sales (42.6 vs 35.3) and employment shrank at softer rates (49.1 vs 49.4), with supplier's delivery time was unchanged (at 50.5). Prices data showed input cost advanced for the second month running and at a faster pace (56.8 vs 51.6), while selling prices rose following a fall in May (52.4 vs 48.7). Looking ahead, sentiment eased but remained solid (57.5 vs 57.9).
2020-06-30
China Manufacturing Expands for 3rd Month: NBS
The Official NBS Manufacturing PMI in China was at 50.6 in May 2020, compared with market expectations of 51.0 and 50.8 in the previous month. This was the third straight month of increase in factory activity, as companies resumed operation after strict public health measures to contain the COVID-19 outbreak. There were rises in output (53.2 vs 53.7 in April), new orders (50.9 vs 50.2), and buying levels (50.8 vs 52.0), with export sales falling at a slower rate (35.3 vs 33.5). Meantime, employment shrank for the first time in three months (49.4 vs 50.2), amid a lengthening of supplier's delivery time (50.5 vs 50.1). Prices data showed input cost advanced for the first time since February (51.6 vs 42.5) while selling prices declined much less (48.7 vs 42.2). Looking ahead, business sentiment improved to a four-month high (57.9 vs 54.0).
2020-05-31
China Manufacturing Expands Less than Forecast: NBS
The Official NBS Manufacturing PMI in China fell to 50.8 in April 2020 from 52.0 in the previous month, below market expectations of 51. There was a slowdown in output (53.7 vs 54.1 in March) and new orders (50.2 vs 52.0), with export orders slumping further (33.5 vs 46.4). The pace of job creation also eased (50.2 vs 50.9), while supplier delivery time lengthened (50.1 vs 48.2). On the price front, deflation deepened for both input prices (42.5 vs 45.5) and output charge (42.2 vs 43.8). Looking ahead, business sentiment eased slightly (54.0 vs 54.4).
2020-04-30
China Manufacturing Returns to Growth: NBS
The Official NBS Manufacturing PMI in China surged to 52.0 in March 2020 from a record low of 35.7 in the previous month, easily beating market expectations of 45. The latest reading pointed to the strongest pace of expansion in the sector since September 2017 as many companies resumed operating following February's restrict lockdown measures. Still, the NBS cautioned that the readings may not signal a stabilisation in economic activity. There were rises in output (54.1 vs 27.8 in February), new orders (52.0 vs 29.3) and employment (50.9 vs 31.8) despite a continued fall in exports. At the same time, raw materials inventories and supplier delivery time lengthened remained in contraction territory. On the price front, input prices fell for the first time in four months (45.5 vs 51.4), while output charge deflation deepened (43.8 vs 44.3). Looking ahead, business sentiment strengthened (54.4 vs 41.8).
2020-03-31

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. .