The Caixin China General Manufacturing PMI climbed to 51.7 in June 2022 from 48.1 in May, topping market forecasts of 50.1. The latest figure marked the first expansion in factory activity since February and the steepest pace since May 2021, amid easing of COVID-19 lockdown and control measures. Output grew the most in 1-1/2 years, both new orders and foreign sales returned to expansion, and buying activity rose modestly. Meanwhile, employment fell for the third month in a row, on the back of a renewed fall in backlogs of work. Delivery times shortened for the first time in 2 years, as logistics issues eased. Meantime, confidence was at a 4-month high, in an anticipation of further rises in output and demand as infections recedes. “Restoration in the post-pandemic era remained the focus of the current economy, yet its base was far from strong," said Dr. Wang Zhe, senior economist at Caixin Insight Group. "Supportive policies should target employees, gig workers and low-income groups." source: Markit Economics
Manufacturing PMI in China averaged 50.08 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 July of 2022.
Manufacturing PMI in China is expected to be 51.00 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.