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.