China Caixin Manufacturing PMI

The Caixin China General Manufacturing PMI fell to 48.3 in January 2019 from 49.7 in December, missing market consensus of 49.5 and pointing to the steepest contraction in the manufacturing sector since February 2016. Output, new orders and employment all fell, while new work from abroad rose slightly amid positive progress in Sino-US trade talks. On the price front, both gauges for input costs and output charges dropped slightly. Finally, sentiment regarding the 12-month business outlook was the highest since May 2018, with some firms anticipating new products and planned company expansions to boost output over the next year. “China is likely to launch more fiscal and monetary measures and speed up their implementation. Yet, the stance of stabilizing leverage and strict regulation hasn’t changed, which means the weakening trend of the economy will continue," said Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group. Manufacturing PMI in China is reported by Markit Economics.

Manufacturing PMI in China is expected to be 51.60 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in China to stand at 50.30 in 12 months time. In the long-term, the China Caixin Manufacturing PMI is projected to trend around 50.40 in 2020, according to our econometric models.

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China Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	49.50	49.40	59.20	38.80	Index Points	[+]
Services PMI	53.60	53.90	54.70	50.00	Index Points	[+]
Non Manufacturing PMI	54.70	53.80	62.20	50.80	percent	[+]
Manufacturing PMI	48.30	49.70	52.30	47.20		[+]
Industrial Production	5.70	5.40	29.40	-21.10	percent	[+]
Industrial Production Mom	0.54	0.37	1.32	0.13	percent	[+]
Manufacturing Production	5.50	5.60	11.40	5.50	percent	[+]
New Orders	49.60	49.70	65.10	32.30	Index Points	[+]
Changes in Inventories	14186.00	11054.00	14186.00	3.00	CNY HML	[+]
Total Vehicle Sales	2367300.00	2661500.00	3060271.00	88416.00		[+]
Car Production	2054600.00	2122900.00	2669100.00	215533.00	Units	[+]
Car Registrations	2233100.00	2173500.00	2672300.00	213534.00		[+]
Internet Speed	7583.32	6295.74	7583.32	635.70	KBps	[+]
IP Addresses	98862937.00	104032031.00	119094184.00	28818357.00	IP	[+]
Steel Production	76121.00	77621.00	82552.00	4918.00	Thousand Tonnes	[+]
Mining Production	3.60	2.30	7.90	-3.80	percent	[+]
Capacity Utilization	76.00	76.50	78.00	72.90	percent	[+]
Competitiveness Index	72.61	71.76	72.61	4.55	Points	[+]
Competitiveness Rank	28.00	28.00	34.00	26.00		[+]
Composite Pmi	50.90	52.20	53.70	48.00		[+]
Cement Production	18394.00	20521.00	23427.00	781.50	Ten Thousands of Tonnes	[+]
Corruption Index	39.00	41.00	41.00	21.60	Points	[+]
Corruption Rank	87.00	77.00	100.00	40.00		[+]
Corporate Profits	6635140.00	6116880.00	7518710.00	1617.00	CNY Million	[+]
Ease of Doing Business	46.00	78.00	99.00	46.00		[+]
Electricity Production	620000.00	554300.00	640500.00	41760.00	Gigawatt-hour	[+]

In China, the Caixin Manufacturing PMI Purchasing Managers' Index measures the performance of the manufacturing sector and is derived from a survey of private 430 industrial 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. 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 - actual data, historical chart and calendar of releases - was last updated on February of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	48.30	49.70	52.30	47.20	2011 - 2019		Monthly

Country	Last		Previous	Range
Australia	52.50	Jan/19	50	62.5 : 29.47
Brazil	52.70	Jan/19	52.6	53.5 : 41.6
Canada	53.00	Jan/19	53.6	57.1 : 47.5
China	48.30	Jan/19	49.7	52.3 : 47.2
Euro Area	50.50	Jan/19	51.4	60.6 : 33.5
France	51.20	Jan/19	49.7	58.8 : 42.7
Germany	49.70	Jan/19	51.5	63.3 : 32
India	53.90	Jan/19	53.2	55 : 47.9
Indonesia	49.90	Jan/19	51.2	58.5 : 46.4
Italy	47.80	Jan/19	49.2	59 : 47.8
Japan	50.30	Jan/19	52.6	56.2 : 29.6
Mexico	50.90	Jan/19	49.7	57.1 : 49.2
Netherlands	55.10	Jan/19	57.2	63.4 : 48
Russia	50.90	Feb/19	51.7	54.7 : 47.6
Saudi Arabia	56.20	Jan/19	54.5	61.8 : 51.4
Singapore	50.70	Jan/19	51.1	53.1 : 48.3
South Africa	49.90	Jan/19	50.7	60.87 : 35.09
South Korea	48.30	Jan/19	49.8	52.6 : 45.7
Spain	52.40	Jan/19	51.1	56.1 : 41.1
Switzerland	54.30	Jan/19	57.5	66.9 : 32.8
Turkey	44.20	Jan/19	44.2	55.7 : 42.7
United Kingdom	52.80	Jan/19	54.2	61.5 : 34.4
United States	54.90	Jan/19	53.8	57.9 : 50.7