The Caixin China General Composite PMI rose to 42.2 in May of 2022 from April's 26-month low of 27.2, amid easing of COVID-19 curbs in Shanghai and Beijing.That said, May’s print was its third lowest since 2005, after those of February 2020 and April 2022. Rates of reduction moderated across both the manufacturing and service sectors, with the latter seeing the steeper rate of decline overall. New orders dropped the least in three months, while employment fell at the steepest pace since February 2021. On the cost side, inflationary pressures softened, with input costs rising the least since February, while prices charged fell slightly for the second month running, on price discounting at manufacturers. “The damage from the latest wave of domestic outbreaks may surpass that of 2020," said Dr. Wang Zhe, Senior Economist at Caixin Insight Group. "The government should not only offer support to the supply side, but also put subsidies for people whose income has been affected." source: Markit Economics

Composite PMI in China averaged 51.18 points from 2013 until 2022, reaching an all time high of 57.50 points in November of 2020 and a record low of 27.50 points in February of 2020. This page provides - China Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. China Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Composite PMI in China is expected to be 45.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Composite PMI is projected to trend around 50.60 points in 2023, according to our econometric models.

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China Composite PMI



Related Last Previous Unit Reference
Services PMI 41.40 36.20 points May 2022
Manufacturing PMI 48.10 46.00 points May 2022
Composite PMI 42.20 37.20 points May 2022

China Composite PMI
In China, the Caixin China Composite Output Index tracks business trends across private sector activity, based on data collected from a representative panel of around 400 companies. The index tracks variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining.
Actual Previous Highest Lowest Dates Unit Frequency
42.20 37.20 57.50 27.50 2013 - 2022 points Monthly
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News Stream
China Private Sector Contracts at Softer Rate
The Caixin China General Composite PMI rose to 42.2 in May of 2022 from April's 26-month low of 27.2, amid easing of COVID-19 curbs in Shanghai and Beijing.That said, May’s print was its third lowest since 2005, after those of February 2020 and April 2022. Rates of reduction moderated across both the manufacturing and service sectors, with the latter seeing the steeper rate of decline overall. New orders dropped the least in three months, while employment fell at the steepest pace since February 2021. On the cost side, inflationary pressures softened, with input costs rising the least since February, while prices charged fell slightly for the second month running, on price discounting at manufacturers. “The damage from the latest wave of domestic outbreaks may surpass that of 2020," said Dr. Wang Zhe, Senior Economist at Caixin Insight Group. "The government should not only offer support to the supply side, but also put subsidies for people whose income has been affected."
2022-06-06
China Composite PMI Hits 26-Month Low
The Caixin China General Composite PMI plunged to 37.2 in April 2022 from 43.9 in March, pointing to the second straight month of fall and marking the steepest contraction since the onset of the pandemic in February 2020. Both manufacturing and services activity shrank at faster rates, with the latter noting the slightly sharper pace of drop. New orders fell at the second-fastest rate on record, and new orders from overseas shrank rapidly. Encouragingly, employment fell slightly, with both manufacturers and service providers noting marginal drops in staffing levels. Prices data showed input cost inflation eased slightly but remained marked, while selling prices dropped for the first time since May 2020. Lastly, confidence stayed below the long-term average. "Policymakers’ most urgent task is to optimize the flow of personnel and goods and to focus on stabilizing supply chains," said Dr. Wang Zhe, Senior Economist at Caixin Insight Group.
2022-05-05
China Composite PMI Sinks to 25-Month Low: Caixin
The Caixin China General Composite PMI plunged to 43.9 in March 2022 from 50.1 in the prior month, pointing to the first decline since last August on the back of COVID-19 outbreaks and mobility curbs. The latest figure also marked the steepest contraction in the private sector since the onset of the pandemic in February 2020, amid renewed falls in both manufacturing and services activity with the latter noting the faster rate of decrease. New orders shrank the most in over two years, while export sales fell at the fastest rate in 22 months. Meantime, employment was relatively stable. Cost pressures intensified, with the overall rate of input price inflation accelerating to a five-month high, but prices charged inflation eased slightly. Lastly, confidence reached its lowest since May 2020. "At present, China is facing the most severe wave of outbreaks since the beginning of 2020. Uncertainty also increased abroad," said Dr. Wang Zhe, Senior Economist at Caixin Insight Group.
2022-04-06