The official NBS Manufacturing PMI for China rose to 49.6 in May of 2022 from April's 26-month low of 47.4, amid an easing of COVID-19 curbs in major key cities, including Shanghai and Beijing. The latest print marked the third straight month of contraction in factory activity, with output (49.7 vs 44.4 in April), new orders (48.2 vs 42.6), and new export orders (46.2 vs 41.6) all falling at slower rates. Also, both buying levels (48.4 vs 43.5) and employment (47.6 vs 47.2) dropped less than their April's reading. At the same time, delivery time improved following a sharp deterioration a month earlier. Turning to prices, input cost rose the least in four months (55.8 vs 64.2) while output charges fell for first time since January (49.5 vs 54.4). Looking ahead, business sentiment strengthened slightly (53.9 vs 53.3). source: National Bureau of Statistics of China
Business Confidence in China averaged 51.54 points from 2005 until 2022, reaching an all time high of 59.20 points in April of 2008 and a record low of 35.70 points in February of 2020. This page provides - China Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. China NBS Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Business Confidence in China is expected to be 51.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China NBS Manufacturing PMI is projected to trend around 52.00 points in 2023 and 51.00 points in 2024, according to our econometric models.