The official NBS Manufacturing PMI for China rose to 50.1 in November 2021 from 49.2 a month earlier, beating market estimates of 49.6. This was the first growth in factory activity since August, amid easing power shortage and a sharp drop in some raw material prices. Both output (52.0 vs 48.4 in October) and buying levels (50.2 vs 48.9) increased for the first time in three months, while new orders (49.4 vs 48.8), export sales (48.5 vs 46.6 ), and employment (48.9 vs 48.8) all fell at slower rates. Meantime, input cost rose much softer (52.9 vs 72.1), amid a plunge in selling prices (48.9 vs 61.1). Looking ahead, sentiment improved slightly (53.8 vs 53.6). "A series of recent policy measures to strengthen the guarantee of energy supplies and stabilize market prices have shown results," said NBS senior statistician Zhao Qinghe in a statement. With a recovery in the global economy and the approaching Christmas season, foreign trade has also continued to improve, he added. source: National Bureau of Statistics of China
Business Confidence in China averaged 51.60 points from 2005 until 2021, 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 December of 2021.
Business Confidence in China is expected to be 50.00 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 2022 and 51.00 points in 2023, according to our econometric models.