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.