The Caixin China General Composite PMI rose to 47.6 in April 2020 from 46.7 in the previous month, still signalling the third straight monthly decline in total business activity due to the negative impact of the COVID-19 pandemic on business operations and demand. Total new work fell again, which was predominantly driven by the steepest decline in export orders on record as clients globally faced more restrictions to halt the spread of the virus. Consequently, firms continued to cut their staff numbers, and at a quicker rate than in March. On the price front, operating expenses fell slightly after increasing in March. At the same time, firms continued to cut their prices charged in hopes of attracting sales. "We expect a macroeconomic stimulus package to launch soon, providing aid for businesses, safeguarding employment and boosting investment and consumption," Zhengsheng Zhong, chief economist at CEBM Group, said.

Composite Pmi in China averaged 51.14 points from 2013 until 2020, reaching an all time high of 53.70 points in January of 2018 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. China Composite Pmi - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Markit Economics

Composite Pmi in China is expected to be 45.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in China to stand at 53.00 in 12 months time. In the long-term, the China Composite Pmi is projected to trend around 51.60 points in 2021 and 50.60 points in 2022, according to our econometric models.

Ok
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 Composite Pmi

Actual Previous Highest Lowest Dates Unit Frequency
47.60 46.70 53.70 27.50 2013 - 2020 points Monthly
SA


News Stream
China Private Sector Activity Shrinks at Softer Rate
The Caixin China General Composite PMI rose to 47.6 in April 2020 from 46.7 in the previous month, still signalling the third straight monthly decline in total business activity due to the negative impact of the COVID-19 pandemic on business operations and demand. Total new work fell again, which was predominantly driven by the steepest decline in export orders on record as clients globally faced more restrictions to halt the spread of the virus. Consequently, firms continued to cut their staff numbers, and at a quicker rate than in March. On the price front, operating expenses fell slightly after increasing in March. At the same time, firms continued to cut their prices charged in hopes of attracting sales. "We expect a macroeconomic stimulus package to launch soon, providing aid for businesses, safeguarding employment and boosting investment and consumption," Zhengsheng Zhong, chief economist at CEBM Group, said.
2020-05-07
China Private Sector Contracts at Slower Rate: Caixin
The Caixin China General Composite PMI jumped to 46.7 in March 2020 from a record low of 27.5 in the prior month. This was the second-lowest reading in 11 years, amid limited recovery from the coronavirus outbreak. Employment fell at a softer pace, while both domestic and external demand continued to drop. At the same time, capacity pressures continued to build with outstanding work rising further, though sector data showed this was driven by manufacturers as services firms noted lower backlogs. On the price front, output prices were meanwhile cut at the steepest rate since December 2015 as part of efforts to boost sales, despite a renewed increase in input costs.
2020-04-03
China Composite PMI Hits Record Low: Caixin
The Caixin China General Composite PMI plunged to 27.5 in February 2020 from 51.9 in January, pointing to the steepest contraction in the private sector on record as company closures and travel restrictions were put in place due to the coronavirus outbreak. The gauges for new orders, new export orders and employment all slumped to their lowest levels on record, while the gauge for backlogs of work rose to a record high. On the price front, the decline in input costs was greater than that in output prices because upstream industries’ supply capacity was less affected. Finally, business confidence slipped to a record low.
2020-03-04
China Composite PMI Lowest in 4 Months: Caixin
The Caixin China General Composite PMI dropped to a four-month low of 51.9 in January 2020 from 52.6 in the previous month. Manufacturing growth slowed to a five month-low (PMI at 51.1 vs 51.5 in December) and service sector output expanded the least in three months (PMI at 51.8 vs 52.5 in December). Total new orders increased at the softest rate in five months, while employment fell for the first time since last October, albeit only slightly, amid efforts to contain costs. In terms of prices, operating expenses rose at the quickest pace for four months, but output charges rose only slightly. Finally, business sentiment rebounded to a 20-month high, supported by stronger optimism across both sectors.
2020-02-05

China Composite Pmi
In China, the Caixin China Composite Output Index tracks business trends across private sector activity, based on data collected from a representative panel of around 400 companies. The index tracks variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining.