The official NBS Manufacturing PMI for China rose to 50.2 in June of 2022 from 49.6 in the prior month and compared with market estimates of 50.5. This was the first expansion in factory activity since February and the steepest pace in six months, as major economic hubs, including the financial capital Shanghai, emerged from virus lockdowns. Output (52.8 vs 49.7 in May), new orders (50.4 vs 48.2), and buying levels (51.1 vs 48.4) bounced back, all growing for the first time in four months. At the same time, both new export orders (49.5 vs 46.2) and employment (48.7 vs 47.6) shrank at softer paces. Meanwhile, delivery time improved sharply (51.3 vs 44.1). Turning to prices, input cost rose the least in six months (52.0 vs 55.8) while output charges fell for the second month running, with the gauge of the index hitting its lowest since last December (46.3 vs 49.5). Looking ahead, business sentiment strengthened to a 3-month peak (55.2 vs 53.9). source: National Bureau of Statistics of China
Business Confidence in China averaged 51.53 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 July of 2022.
Business Confidence in China is expected to be 48.30 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.