China Composite PMI

Last Release

Mar 31, 2024

Actual

52.7

Units In

Points

52.5

Frequency

Monthly

Next Release

May 06, 2024

Time to Release

30 Days 22 Hours

Highest	Lowest	Average	Date Range	Source
57.5 Nov 2020	27.5 Feb 2020	51.22 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 was at 52.7 in March 2023, up from 52.5 in the prior two months. It was the highest reading since May 2023, pointing to the fifth straight month of growth in private sector activity, as manufacturing output and services activity expanded at quicker rates. New order growth picked up, lifted by the strongest rise in export orders in 13 months. Meanwhile, employment fell marginally for the second straight month. Turning to prices, input costs eased amid the first fall in manufacturing input prices for eight months and slower service cost increases. Finally, sentiment improved, on heightened optimism among manufacturers and service providers. “A slew of policies introduced earlier this year to stabilize growth is gradually having an effect," said Dr. Wang Zhe, senior economist at Caixin Insight Group. "... consistent efforts should be made to accelerate growth while improving the quality and efficiency of economic development.”