The Caixin China General Manufacturing PMI rose to 50.4 in August 2024 from 49.8 in July, above market forecasts of 50.0 as new orders returned to growth, driving faster production expansion amid better underlying demand conditions. However, foreign demand fell marginally for the first time in the year-to-rate amid report of deteriorating conditions. Meanwhile, employment stabilized after eleven months of decline due to an improvement in demand conditions, with the backlogs of work rising for the sixth straight month. Purchasing activity fell marginally while delivery times lengthened at a slightly faster pace due to supply and transportation constraints. On prices, input prices fell for the first time in five months due to lower raw material prices, while output prices dropped as firms offered discounts to remain competitive. Finally, business sentiment improved to a three-month high, supported by optimism about improvements in economic conditions. source: S&P Global

Manufacturing PMI in China increased to 50.40 points in August from 49.80 points in July of 2024. Manufacturing PMI in China averaged 50.11 points from 2011 until 2024, 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 September of 2024.

Manufacturing PMI in China increased to 50.40 points in August from 49.80 points in July of 2024. 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 51.80 points in 2025 and 53.00 points in 2026, according to our econometric models.



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Passanger Car Production 2030000.00 2177000.00 Units Jul 2024
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Industrial Profits (YTD) YoY 4099170.00 3511030.00 CNY Million Jul 2024
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Industrial Production Mom 0.35 0.42 percent Jul 2024
Leading Economic Index 149.00 150.00 points Jun 2024
Manufacturing Production YoY 5.30 5.50 percent Jul 2024
Mining Production 4.60 4.40 percent Jul 2024
New Orders 49.30 49.50 points Jul 2024
Steel Production 82900.00 91600.00 Thousand Tonnes Jul 2024
Vehicle Sales YoY 2453000.00 2262000.00 Units Aug 2024

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.


News Stream
China Manufacturing PMI Beats Estimates
The Caixin China General Manufacturing PMI rose to 50.4 in August 2024 from 49.8 in July, above market forecasts of 50.0 as new orders returned to growth, driving faster production expansion amid better underlying demand conditions. However, foreign demand fell marginally for the first time in the year-to-rate amid report of deteriorating conditions. Meanwhile, employment stabilized after eleven months of decline due to an improvement in demand conditions, with the backlogs of work rising for the sixth straight month. Purchasing activity fell marginally while delivery times lengthened at a slightly faster pace due to supply and transportation constraints. On prices, input prices fell for the first time in five months due to lower raw material prices, while output prices dropped as firms offered discounts to remain competitive. Finally, business sentiment improved to a three-month high, supported by optimism about improvements in economic conditions.
2024-09-02
China Manufacturing PMI Unexpectedly Falls
The Caixin China General Manufacturing PMI slipped to 49.8 in July 2024 from 51.8 in June, missing market forecasts of 51.5. It was the first fall in factory activity since last October, as new orders shrank following growth in the prior 11 months, owing to subdued demand conditions and reductions in client budgets. Also, buying levels fell for the first time since October 2023, leading to a renewed depletion of stocks of purchases and rising finished goods. Employment was relatively stable, down only fractionally. Meantime, output grew the least in nine months amid a slowdown in foreign orders. Separately, delivery times extended for the second month, lengthening from June. On prices, selling prices declined for the first time since May, due to increased competition. In the meantime, input cost inflation eased to the lowest in the current four-month sequence. Finally, sentiment improved from June's near 5-year low, helped by business development efforts and the launch of new products.
2024-08-01
China Manufacturing Growth at Over 3 Year-High
The Caixin China General Manufacturing PMI ticked up to 51.8 in June 2024 from 51.7 in May, beating market forecasts of 51.2 and marking the highest figure since May 2021. It was the eighth straight month of increase in factory activity, as output growth hit a 2-year peak while new orders rose for the 11th month. Further, buying levels gained the most in over 3 years, leading to a further accumulation of stocks of purchases. Also, foreign sales continued to expand but its pace of growth was the lowest in 6 months. A fall in employment eased, with firm expanding their workforce roughly equal to those reducing it, and backlogs of work rose for the fourth month. Delivery times lengthened for the first time since February, due to material shortages and some constraints. On inflation, input prices rose the most in two years while selling prices increased for the first time in six months. Finally, sentiment fell to over 4-1/2 year-low, on rising competition and uncertain market conditions.
2024-07-01