The RatingDog China General Composite PMI rose to 51.0 in August 2025 from 50.8 in the previous month, marking the highest reading since November 2024. It also represented the third consecutive month of private sector growth, driven by broad-based expansion across manufacturing and services. Total new orders accelerated, while export orders declined at the slowest pace in five months. Stronger demand also led to a renewed rise in backlogs, and business confidence reached a five-month high. However, overall employment slipped slightly after a marginal increase in July. On the cost side, input prices edged higher for a second month, while output charges continued to fall. source: S&P Global

Composite PMI in China increased to 51.90 points in August from 50.80 points in July of 2025. Composite PMI in China averaged 51.35 points from 2013 until 2025, reaching an all time high of 57.50 points in November of 2020 and a record low of 27.50 points in February of 2020. This page provides - China Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Composite PMI in China increased to 51.90 points in August from 50.80 points in July of 2025. Composite PMI in China is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China RatingDog Composite PMI is projected to trend around 50.40 points in 2026 and 50.60 points in 2027, according to our econometric models.



Related Last Previous Unit Reference
Business Conditions Index 47.70 49.30 points Jul 2025
NBS Manufacturing PMI 49.40 49.30 points Aug 2025
Industrial Capacity Utilization 74.00 74.10 percent Jun 2025
Passanger Car Production 2591000.00 2794000.00 Units Jul 2025
Passenger Car Sales 1826000.00 2084000.00 Units Jul 2025
Cement Production 14557.30 15547.30 Ten Thousands of Tonnes Jul 2025
Changes in Inventories 10002.90 8740.00 CNY Hundred Million Dec 2024
Composite Leading Indicator 100.26 100.26 points Jun 2025
Industrial Profits (YTD) YoY 4020350.00 3436500.00 CNY Million Jul 2025
Corruption Index 43.00 42.00 Points Dec 2024
Corruption Rank 76.00 76.00 Dec 2024
Electricity Production 926720.00 796290.00 Gigawatt-hour Jul 2025
Industrial Production YoY 5.70 6.80 percent Jul 2025
Industrial Production Mom 0.38 0.50 percent Jul 2025
Leading Economic Index 147.40 148.60 points Jul 2025
Manufacturing Production YoY 6.20 7.40 percent Jul 2025
Mining Production 5.00 6.10 percent Jul 2025
New Orders 49.50 49.40 points Aug 2025
Steel Production 79700.00 83200.00 Thousand Tonnes Jul 2025
Vehicle Sales YoY 2593000.00 2904000.00 Units Jul 2025

China RatingDog Composite PMI
The RatingDog China General Composite PMI, compiled by S&P Global, surveys around 1,300 companies across the manufacturing and service sectors. Data have been collected monthly since November 2005 to track changes in activity compared with the previous month. The Composite Output Index is a weighted average of the Manufacturing Output Index and the Services Business Activity Index, with weights based on the relative size of each sector according to official GDP data. A diffusion index is calculated for the survey, ranging from 0 to 100, with readings above 50 indicating overall growth. While sometimes referred to as the Composite PMI, it is not directly comparable with the headline manufacturing PMI. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
China Composite PMI Rises to 9-Month High
The RatingDog China General Composite PMI rose to 51.0 in August 2025 from 50.8 in the previous month, marking the highest reading since November 2024. It also represented the third consecutive month of private sector growth, driven by broad-based expansion across manufacturing and services. Total new orders accelerated, while export orders declined at the slowest pace in five months. Stronger demand also led to a renewed rise in backlogs, and business confidence reached a five-month high. However, overall employment slipped slightly after a marginal increase in July. On the cost side, input prices edged higher for a second month, while output charges continued to fall.
2025-09-03
China Composite PMI Slips from 3-Month High
The Caixin China General Composite PMI dipped to 50.8 in July 2025 from June’s three-month high of 51.3. While the pace of expansion slowed, it marked the second straight month of private sector growth, largely driven by the services sector as manufacturing output contracted. Export sales declined amid softer external demand, but overall new business rebounded from June, with growth broadly spread across sectors. Employment gains were led by service providers, and business confidence improved slightly. On the price front, input costs rose at the fastest rate in eight months, yet firms continued to lower output prices, suggesting pressure on margins.
2025-08-05
China Composite PMI Hits 3-Month High
The Caixin China General Composite PMI rose to 51.3 in June 2025 from 49.6 in the previous month, marking the highest reading since March. Underlying data revealed that a renewed increase in manufacturing production had offset a softening of services activity growth. New business returned to growth despite continued weakness in exports. However, job shedding persisted, leading to the fastest buildup of backlogged work in a year. On the price front, average input costs dipped slightly after two consecutive months of increases. Firms passed on these savings to clients in an effort to boost sales, resulting in the steepest cut to average selling prices in over two years. Meanwhile, business optimism edged down slightly.
2025-07-03