The Caixin China General Manufacturing PMI increased to 49.1 in May of 2022 from April's 26-month low of 46.0 and beating market forecasts of 48.0. That said, the latest figure was the third straight month of fall in factory activity, amid stringent COVID-19 control measures. Both output and new orders fell at a softer rate amid further declines in both export orders and employment. Meantime, further increase in backlogs of work increased further, amid ongoing disruptions due to the outbreaks. At the same time, firms continued to cut purchases, as firms looked to streamline stocks while delivery times lengthened sharply due to travel curbs. On prices, input cost inflation moderated for the second month in a row, while selling prices fell for the first time in 5 months, on efforts to stimulate client demand. Lastly, sentiment weakened to a five-month low amid concerns over the longevity of restrictions and Ukraine war. source: Markit Economics
Manufacturing PMI in China averaged 50.07 points from 2011 until 2022, 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 June of 2022.
Manufacturing PMI in China is expected to be 50.50 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 2023 and 50.40 points in 2024, according to our econometric models.