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.