China Composite PMI

Last Release

Feb 28, 2023

Actual

54.2

Units In

Points

51.1

Frequency

Monthly

Next Release

Apr 06, 2023

Time to Release

11 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
57.5 Nov 2020	27.5 Feb 2020	51.07 Points	2013-2023	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 jumped to 54.2 in February 2023 from 51.1 a month earlier. It was the second successive month of growth in private sector activity and the strongest rate since last June, buoyed by the removal of tough pandemic measures. The upturn was supported by a renewed rise in manufacturing output and a sharper rise in services activity. New orders rose at the quickest pace since May 2021, and foreign orders went up the most since November 2020. Also, employment growth was at a 27-month high, linked to renewed rises in staffing levels across both manufacturing and service sectors. Input prices rose modestly, and prices charged only slightly. Finally, confidence was unchanged, staying at its highest since March 2013. "The economy has entered a post-COVID recovery," said Dr. Wang Zhe, an economist at Caixin Insight. "Currently, the foundation for the recovery has yet to solidify, and it will take time for production and social order to get back to normal."