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.

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China NBS Manufacturing PMI



Calendar GMT Actual Previous Consensus TEForecast
2022-04-30 01:30 AM Apr 47.4 49.5 48 49.1
2022-05-31 01:30 AM May 49.6 47.4 48.9
2022-06-30 01:30 AM Jun 49.6 50.5 48.3


Related Last Previous Unit Reference
Business Confidence 49.60 47.40 points May 2022
Non Manufacturing PMI 47.80 41.90 percent May 2022
Industrial Production Mom 5.61 -5.80 percent May 2022
Industrial Production 0.70 -2.90 percent May 2022
Manufacturing Production 0.10 -4.60 percent May 2022
New Orders 48.20 42.60 points May 2022
Changes in Inventories 10996.00 6718.00 CNY HML Dec 2021
Leading Economic Index 97.47 97.11 points Feb 2022
Mining Production 7.00 9.50 percent May 2022
Corporate Profits 3441000.00 2658230.00 CNY Million May 2022
Cement Production 20279.54 19471.00 Ten Thousands of Tonnes May 2022
Electricity Production 608600.00 670170.00 Gigawatt-hour Apr 2022
Capacity Utilization 75.80 77.40 percent Mar 2022

China NBS Manufacturing PMI
In China, the NBS Manufacturing Purchasing Manager Index measures the performance of the manufacturing sector and is derived from a survey of more large-scale, state-owned 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. .
Actual Previous Highest Lowest Dates Unit Frequency
49.60 47.40 59.20 35.70 2005 - 2022 points Monthly

News Stream
China Manufacturing Shrinks at Softer Rate: NBS
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).
2022-05-31
China Manufacturing Shrinks the Most in Over 2 Years: NBS
The official NBS Manufacturing PMI for China fell to 47.4 in April of 2022 from 49.5 in the prior month and below market forecasts of 48.0. This was the second straight month of contraction in factory activity and the steepest pace since February 2020, as widespread COVID-19 lockdowns curbed production and disrupted supply chains. Output (44.4 vs 49.5 in March), new orders (42.6 vs 48.8), and new export orders (41.6 vs 47.2) all tumbled while buying levels deteriorated (43.5 vs 48.7) and employment contracted at a sharper rate (47.2 vs 48.6). Turning to prices, input cost remained elevated (64.2 vs 66.1) amid a softer increase in output charges (54.4 vs 56.7). Looking ahead, business sentiment weakened further (53.3 vs 55.7).
2022-04-30
China Manufacturing Shrinks More than Expected: NBS
The official NBS Manufacturing PMI for China fell to 49.5 in March 2022 from 50.2 in the prior month and below market forecasts of 49.9. This was the first contraction in factory activity since last October, reflecting the impact of widespread COVID-19 outbreaks in key cities, including Shanghai and Shenzen. Both output (49.5 vs 50.4) and buying levels (48.7 vs 50.9) shrank for the first time in five months, amid a renewed drop in new orders (48.8 vs 50.7). Also, both export orders (47.2 vs 49.0) and employment (48.6 vs 49.2) decreased at steeper rates. Turning to prices, both input cost (66.1 vs 60.0) and output charges rose the most in five months (56.7 vs 54.1). Lastly, sentiment weakened to a three-month low (55.7 vs 58.7).
2022-03-31