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 July 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.