The Caixin China General Composite PMI tumbled to 47.2 in August 2021 from 53.1 a month earlier, pointing to the first contraction in private sector activity since April 2020, dragged down by a resurgence of COVID-19 cases in several regions. The dip in the headline index was driven by renewed falls in activity across both the manufacturing and service sectors, with the latter noting the steeper rate of decline. New work also decreased for the first time in 16 months while employment fell slightly. At the same time, inflationary pressure remained high as raw material prices were still high and measures to counter the outbreaks pushed up transportation costs, while output prices increased slightly. Finally, surveyed manufacturers and service providers were only moderately optimistic about the economic outlook. source: Markit Economics
Composite PMI in China averaged 51.50 points from 2013 until 2021, 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 September of 2021.
Composite PMI in China is expected to be 49.00 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 2022, according to our econometric models.