The Caixin China General Manufacturing PMI fell to a 26-month low of 46.0 in April of 2022 from March's reading of 48.1, below market forecasts of 47.0. The latest figure was also the third contraction in factory activity since the start of the year, as COVID-19 outbreaks took a toll on the economy. Both output and new orders fell at the second steepest pace since the survey began in early 2004, while export orders shrank at the sharpest rate in nearly two years. At the same time, firms significantly cut purchases; employment declined in eight of the last nine months, including April; while backlogs of work rose further. Delivery times lengthened at second-quickest rate on record, due to travel curbs and raw material shortages. On prices, input cost rose further but the rate of inflation eased; while selling prices rose modestly, on efforts to stay competitive and attract new business. Lastly, sentiment was subdued, amid concerns that the control measures would last too long. source: Markit Economics
Manufacturing PMI in China averaged 50.08 points from 2011 until 2022, reaching an all time high of 54.90 points in November of 2020 and a record low of 40.30 points in February of 2020. This page provides the latest reported value for - China Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. China Caixin Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.
Manufacturing PMI in China is expected to be 49.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Caixin Manufacturing PMI is projected to trend around 51.30 points in 2023 and 50.40 points in 2024, according to our econometric models.