China Composite PMI

Last Release

Jun 30, 2024

Actual

52.8

Units In

Points

54.1

Frequency

Monthly

Next Release

Aug 05, 2024

Time to Release

1 Months 0 Days 17 Hours

Highest	Lowest	Average	Date Range	Source
57.5 Nov 2020	27.5 Feb 2020	51.27 Points	2013-2024	Markit Economics

In China, the Caixin China Composite Output Index tracks business trends across private sector activity, based on data collected from a representative panel of around 400 companies. The index tracks variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining.

Latest Updates

The Caixin China General Composite PMI slipped to 52.8 in June 2024 from May's one-year high of 54.1. Still, it was the eighth straight month of growth in private sector activity, with output growth accelerating in the manufacturing sector but easing for services. New orders expanded at the softest pace in four months while employment shrank across manufacturing and service sectors. On the cost side, input price inflation was unchanged from May. In the meantime, output prices moderated, attributed mainly to slower increases in service sector output charges as manufacturing selling prices rose for the first time in the year-to-date. Looking ahead, confidence weakened to a five-month low. "Policy support requires further consolidation," said Dr. Wang Zhe, senior economist at Caixin Insight Group. He added that insufficient market confidence and effective demand remain key challenges in the economy.