The Caixin China General Manufacturing PMI was little-changed at 53.0 in September 2020, slightly below market consensus of 53.1, indicating factory activity maintained its recovery momentum in the wake of the COVID-19 epidemic. New orders grew the most since early 2011, with new export business expanding at the fastest rate since August 2017, while purchasing activity advanced at the quickest pace since January 2011. At the same time, employment stabilized ending an eight-month period of job shedding. On the price front, firms reported a further marked increase in input costs but raised their selling prices only slightly. Looking ahead, business sentiment improved to a three-month high. "The economic recovery has picked up its pace after the epidemic. In the near future, great uncertainties remain about the overseas pandemic and the US presidential election," said Wang Zhe, senior economist at Caixin Insight Group.

Manufacturing PMI in China averaged 49.96 points from 2011 until 2020, reaching an all time high of 53.10 points in August 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 October of 2020. source: Markit Economics

Manufacturing PMI in China is expected to be 52.10 points 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 52.00 in 12 months time. In the long-term, the China Caixin Manufacturing PMI is projected to trend around 50.70 points in 2021 and 50.40 points in 2022, according to our econometric models.

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China Caixin Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
53.00 53.10 53.10 40.30 2011 - 2020 points Monthly


News Stream
China Manufacturing Growth Remains Robust: Caixin
The Caixin China General Manufacturing PMI was little-changed at 53.0 in September 2020, slightly below market consensus of 53.1, indicating factory activity maintained its recovery momentum in the wake of the COVID-19 epidemic. New orders grew the most since early 2011, with new export business expanding at the fastest rate since August 2017, while purchasing activity advanced at the quickest pace since January 2011. At the same time, employment stabilized ending an eight-month period of job shedding. On the price front, firms reported a further marked increase in input costs but raised their selling prices only slightly. Looking ahead, business sentiment improved to a three-month high. "The economic recovery has picked up its pace after the epidemic. In the near future, great uncertainties remain about the overseas pandemic and the US presidential election," said Wang Zhe, senior economist at Caixin Insight Group.
2020-09-30
China Manufacturing Expands the Most Since 2011: Caixin
The Caixin China General Manufacturing PMI rose to 53.1 in August 2020 from 52.8 in the previous month, beating market consensus of 52.6. The latest reading pointed to the biggest improvement in the health of the sector since January 2011, adding to signs of an economic recovery after the pandemic hit the economy earlier this year. Output and new orders grew by the most since the start of 2011 with new export sales rising for the first time since December 2019. Also, buying activity continued to increase, while staffing levels fell fractionally, hinting that employment was close to stabilization as firms registered a further increase in backlogs of work. On the price front, both input costs and output charges increased at a softer pace. Finally, business optimism eased to a three-month low.
2020-09-01
China Manufacturing Growth Beats Estimates
The Caixin China General Manufacturing PMI rose to 52.8 in July 2020 from 51.2 in the previous month, beating market consensus of 51.3. The reading pointed to the third consecutive expansion in factory activity and the sharpest in nearly a decade, as consumer demand continued to improve following the COVID-19 crisis. Both output and new orders grew the most since January 2011, while buying level expanded for the third month in a row and at the steepest pace since January 2013. Meantime, both export orders and employment remained in contraction territory for the seventh successive month. On the price front, input prices rose driven by higher cost of raw material and output charges increased at the fastest pace in nearly two years. Finally, sentiment held in positive territory. "Overall, flare-ups of the epidemic in some regions did not hurt the improving trend of the manufacturing economy," said Wang Zhe, senior economist at Caixin Group.
2020-08-03
China Manufacturing Growth at 6-Month High: Caixin
The Caixin China General Manufacturing PMI rose to 51.2 in June 2020 from 50.7 in the previous month, beating market consensus of 50.5. This was the highest reading since December last year, supported by the recent easing of COVID-19 measures. Output grew further on the back of a renewed increase in new orders, while buying levels rose the most since January 2018. Meantime, export work continued to fall due to weak global demand and employment dropped for the six straight month. At the same time, vendor performance deteriorated slightly as travel restrictions continued to impact logistics. On the price front, input cost increased for the first time in four months, while selling prices rose slightly as overall pricing power was restricted due to tough market competition. Finally, business sentiment hit its highest since February.
2020-07-01

China Caixin Manufacturing PMI
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.