The Caixin China General Manufacturing PMI rose to 50.0 in September 2021 from 49.2 in the prior month and beating market estimates of 49.5. New orders rose for the first time in three months and buying levels returned to growth while output fell at a softer rate. Meantime, exports sales continued to fall while employment dropped for the second straight month and at a steeper pace. On the cost side, inflationary pressure surged with input prices rising the most in four months, its 16th straight month of increase, amid reports of greater energy and raw material costs. This in turn led to a solid increase in prices charged. Looking forward, sentiment strengthened to its highest since June, underpinned by forecasts of an end to the pandemic, planned company expansions, rising customer demand, and new product launches. source: Markit Economics

Manufacturing PMI in China averaged 50.12 points from 2011 until 2021, 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 October of 2021.

Manufacturing PMI in China is expected to be 50.30 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 2022 and 50.40 points in 2023, according to our econometric models.

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China Caixin Manufacturing PMI


News Stream
China Factory Activity Stabilizes: Caixin
The Caixin China General Manufacturing PMI rose to 50.0 in September 2021 from 49.2 in the prior month and beating market estimates of 49.5. New orders rose for the first time in three months and buying levels returned to growth while output fell at a softer rate. Meantime, exports sales continued to fall while employment dropped for the second straight month and at a steeper pace. On the cost side, inflationary pressure surged with input prices rising the most in four months, its 16th straight month of increase, amid reports of greater energy and raw material costs. This in turn led to a solid increase in prices charged. Looking forward, sentiment strengthened to its highest since June, underpinned by forecasts of an end to the pandemic, planned company expansions, rising customer demand, and new product launches.
2021-09-30
China Manufacturing Shrinks in August: Caixin
The Caixin China General Manufacturing PMI fell to 49.2 in August 2021 from 50.3 in July, missing market estimates of 50.2. This was the first contraction in factory activity since April 2020, dragged down by containment measures to curb rising cases of the Delta strain, supply bottlenecks, and high raw materials. Output shrank for the first time in 17 months; new orders dropped for the second month which was the steepest rate in 16 months, and exports sales contracted for the first time since February. Also, buying levels fell after rising in July. Meantime, employment was down fractionally after broadly unchanged a month earlier, with backlogs of work increasing at the fastest rate since May. Prices data showed input cost inflation picking up for the first time in three months, while factory gate prices rose only modestly, despite the rate of increase picking up. Lastly, sentiment remained strong, despite the degree of optimism unchanged from July's 15-month low.
2021-09-01
China Factory Growth at 15-Month Low: Caixin
The Caixin China General Manufacturing PMI fell to 50.3 in July 2021 from 51.3 in June, missing market estimates of 51.0. This was the lowest reading since April 2020, amid the Delta variant of the COVID-19 outbreak in Nanjing, higher material cost, and extreme weather. Output grew the least in 16 months, input buying rose at the softest pace in four months, while new orders fell for the first time since May 2020. Meantime, export sales remained stable while employment was little changed and outstanding workloads went up slightly. At the same time, supply chain delays persisted, with average delivery times increasing solidly. On the price front, inflationary pressures softened as input cost rose the least since November 2020 and the rate of output charge inflation slowed, with selling prices rising slightly. Looking ahead, sentiment slipped to a three-month low, on concerns over how long it would take to get the global pandemic under control and ongoing supply chain disruption.
2021-08-02

China Last Unit Reference Previous Highest Lowest
Services PMI 53.40 points Sep/21 46.70 58.40 26.50
Manufacturing PMI 50.00 points Sep/21 49.20 54.90 40.30
Composite PMI 51.40 points Sep/21 47.20 57.50 27.50


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.