The Caixin China General Manufacturing PMI fell to 49.9 in November 2021 from 50.6 in the prior month, missing market forecasts of 50.5. The index plunged into contractionary territory for the second time since April 2020, amid frequent COVID-19 outbreaks and weak demand. New orders fell slightly following two months of expansion, both export sales and employment shrank for the fourth month in a row and buying levels declined further. Meanwhile, supplier performance deteriorated again due to low stock levels at vendors and logistical delays. On a positive note, output grew for the first time in four months, as power supply issues eased. Turning to prices, input cost inflation hit its lowest since October 2020, reflecting a drop in some raw material prices; and the rate of output charge inflation slowed considerably. Looking ahead, sentiment picked up amid hopes of improvement of the epidemic situation and the recovery of supply chains. source: Markit Economics

Manufacturing PMI in China averaged 50.12 points from 2011 until 2021, reaching an all time high of 54.90 points in November of 2020 and a record low of 40.30 points in February of 2020. This page provides the latest reported value for - China Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. China Caixin Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Manufacturing PMI in China is expected to be 50.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Caixin Manufacturing PMI is projected to trend around 51.30 points in 2022 and 50.40 points in 2023, according to our econometric models.

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China Caixin Manufacturing PMI


Related Last Previous Unit Reference
Manufacturing PMI 49.90 50.60 points Nov/21
Services PMI 53.80 53.40 points Oct/21
Composite PMI 51.50 51.40 points Oct/21

News Stream
China Factory Activity Contracts in November
The Caixin China General Manufacturing PMI fell to 49.9 in November 2021 from 50.6 in the prior month, missing market forecasts of 50.5. The index plunged into contractionary territory for the second time since April 2020, amid frequent COVID-19 outbreaks and weak demand. New orders fell slightly following two months of expansion, both export sales and employment shrank for the fourth month in a row and buying levels declined further. Meanwhile, supplier performance deteriorated again due to low stock levels at vendors and logistical delays. On a positive note, output grew for the first time in four months, as power supply issues eased. Turning to prices, input cost inflation hit its lowest since October 2020, reflecting a drop in some raw material prices; and the rate of output charge inflation slowed considerably. Looking ahead, sentiment picked up amid hopes of improvement of the epidemic situation and the recovery of supply chains.
2021-12-01
China Factory Growth Beats Forecasts
The Caixin China General Manufacturing PMI unexpectedly was at a four-month high of 50.6 in October 2021, compared with market consensus and September's figure of 50, amid a further recovery in domestic demand with the subindex for total new orders hitting their highest since June. However, power shortages and rising costs weighed on output, while both export sales and employment fell for the third straight month; and buying levels were down again after rising in September. At the same time, the gauge for delivery times hit the lowest point since March 2020. On the price front, inflationary pressure intensified, with average input prices rising at the sharpest rate since December 2016, while the pace of output charge inflation also accelerated. Finally, the degree of positive sentiment eased. “Shortages of raw materials, soaring commodity prices, and electricity supply problems created strong constraints and disrupted supply chains,” said Wang Zhe, senior economist at Caixin Group.
2021-11-01
China Factory Activity Stabilizes: Caixin
The Caixin China General Manufacturing PMI rose to 50.0 in September 2021 from 49.2 in the prior month and beating market estimates of 49.5. New orders rose for the first time in three months and buying levels returned to growth while output fell at a softer rate. Meantime, exports sales continued to fall while employment dropped for the second straight month and at a steeper pace. On the cost side, inflationary pressure surged with input prices rising the most in four months, its 16th straight month of increase, amid reports of greater energy and raw material costs. This in turn led to a solid increase in prices charged. Looking forward, sentiment strengthened to its highest since June, underpinned by forecasts of an end to the pandemic, planned company expansions, rising customer demand, and new product launches.
2021-09-30

China Caixin Manufacturing PMI
In China, the Caixin Manufacturing PMI Purchasing Managers' Index measures the performance of the manufacturing sector and is derived from a survey of private 430 industrial 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.